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RMB Hits Half-Month Low Against USD as Strong US Payrolls Boost Fed Rate Hike Bets
The onshore and offshore Yuan briefly fell past 6.79 against the USD following strong US jobs data. However, a stronger-than-expected PBOC fixing and robust corporate conversion demands are limiting further depreciation space.
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Taiwan Dollar Hits 3-Week Low as Capital Outflows Offset Exporter USD Selling
The New Taiwan Dollar fell past 0.1 TWD to a three-week low of 31.648 against the USD on Monday. Foreign fund outflows driven by a tech stock correction pressured the currency, while local exporters stepped in to limit further losses.
US Rate Hike Fears Weigh on Gold Prices as A-Share Gold Stocks Slide Over 5%
China's A-share gold stocks fell on Monday, with Shanjin International dropping over 6%. Tensions in the Gulf region boosted oil prices, exacerbating inflation and rate hike concerns, pushing spot gold down to $4,321.49 per ounce.
US Dollar Hits Two-Month High on Strong Jobs Data as Fed Hike Bets Rise
A strong May non-farm payrolls report has driven expectations for a December Fed rate hike above 70%. The US dollar strengthened across the board, sending EUR and AUD to two-month lows, while the Yen fell back to 160.34, erasing previous interventio…
China Bond Yields Edge Higher as Tight Liquidity Dampens Market Sentiment
Chinese interbank bond yields rose slightly on Monday amid persistent liquidity tightness. Despite the central bank's net cash injections, cautious sentiment prevails as investors weigh the PBOC's control over money markets and choose short-term tra…
Israel Airstrikes on Iran Trigger Gold Price Retreat as Spot Gold Drops 53 Dollars
Spot gold prices fell from an intraday high of 4353.38 to 4300.06 per ounce as Israel confirmed airstrikes on Iran, driving oil prices up by over 2 dollars. Rate hike concerns fueled by strong US jobs data and Fed hawkish comments continue to weigh…
US Pressures Mexico to Exclude Chinese Parts from Automotive Supply Chain
The US government is proposing strict new rules in trade talks with Mexico to eliminate Chinese components, particularly electronic parts, from the North American automotive supply chain to qualify for tariff-free treatment under the USMCA.











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