PBOC sets USD/CNY reference rate at 7.1098 vs. 7.1077 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1098, as against the previous day's fix of 7.1077 and 7.2451 Reuters estimates.

May 23, 2024

Australia Consumer Inflation Expectations dipped from previous 4.6% to 4.1% in May

Gold price edges lower on Fed's hawkish stance

Gold price (XAU/USD) extends the decline on Wednesday. The further upside of the yellow metal might be limited, as the FOMC minutes were interpreted as significantly more hawkish than previous releases.