PBOC expected to fix yuan reference rate at 6.7148, Reuters poll indicates
Reuters estimates the PBOC will set the USD/CNY reference rate at 6.7148. The fixing has recently sent cautionary signals on yuan strength.
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Reuters estimates the PBOC will set the USD/CNY reference rate at 6.7148. The fixing has recently sent cautionary signals on yuan strength.
Asian stocks opened mixed Wednesday as traders awaited the Fed decision. Nikkei flat, Kospi lower.
Crypto analyst Kyle Doops screens altcoins by relative strength; only HYPE, TRX, and Monero pass the 36% threshold.
Erebor Bank's free stablecoin conversion offer backfired as traders like Wintermute and Galaxy exploited it, forcing the bank to end the perk.
UBS's daily note identifies three lasting themes: growth matters more than rate hikes, AI demand rises despite calls for regulation, and earnings drive markets.
Japan's July machinery orders fell 3.7% m/m, missing forecasts, while August trade deficit widened to 1105.6B yen, complicating BoJ policy.
Saudi-led coalition says it intercepted a Houthi drone near Mecca, calling the security of holy sites a red line and promising a response.
Ripple and MicroStrategy said the CLARITY Act's Senate defeat did not alter XRP or Bitcoin's legal standing, citing court rulings and regulatory guidance.
HSBC maintains a bullish stance on US and Japan equities, while technical charts for the Nikkei 225 and S&P 500 show consolidation patterns.
HSBC keeps an overweight on global equities, favoring US, Japan and North Asia plus cyclicals, citing resilient earnings. It flags geopolitical conflict as…