PBOC sets Yuan reference rate at 6.9260

The People's Bank of China (PBOC) has set the Yuan reference rate at 6.9260 versus Friday's fix at 6.9337.

Mar 9, 2020

Gold remains positive above $1,700 as coronavirus propels risk aversion

With the risk aversion on its full stream, Gold prices refresh multi-month top to $1,703.40, currently at $1,699, amid the Asian session on Monday.

Traders now see Fed reducing rates by 75 basis points next week

Traders now see an 84 percent chance that the Federal Reserve (Fed) will cut its benchmark borrowing costs by 75 basis points when it meets March 17-1