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On Monday, the People’s Bank of China (PBOC) fixed the USD/CNY central parity rate at 7.1007 for the upcoming trading session.
This marks a slight appreciation of the Chinese Yuan (CNY) from Friday’s fix of 7.1048 and is stronger than the Reuters-estimated reference of 7.1210. The move suggests a modestly firmer Yuan amid ongoing market focus on US-China trade developments and broader currency market dynamics.
Silver (XAG/USD) continues to grind higher, trading near $63.75 in
USD/CHF trades weak around 0.7950 in Friday’s European session, pressured
WTI Crude (US benchmark) Current price: $57.76/barrel Previous close: $57.68