Reuters projection puts PBOC's USD/CNY reference rate at 6.6981
Reuters sees the PBOC's daily USD/CNY fixing at 6.6981, with the midpoint's policy message shifting.
17 h ago20 min read
BiFu News
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Wholesale inflation in Japan cools to 6.8%, keeping BOJ hike bets alive
Japan's September wholesale inflation slowed to 6.8% from 7.6%, but import costs surged 24.5%, keeping BOJ rate-hike expectations alive.
17 h ago13 min read
Goldman: Yuan 20-25% undervalued, appreciation underestimated
Goldman Sachs says the yuan is 20-25% undervalued, with markets underestimating gains; it sees 6.40 per dollar within a year.
17 h ago16 min read
BofA: Gold faces uphill battle above $4,000 as Iran conflict fuels oil-driven inflation
BofA sees gold averaging $4,000 in Q4 but not holding above it for three months, citing Iran war-driven oil inflation, soft physical demand, and a hawkish Fed.
17 h ago16 min read
Georgieva warns AI is a gradual jobs tsunami as graduates feel the impact first
Georgieva warned AI is a slow-moving jobs tsunami. Graduates feel the first hit as the IMF expects 40% of global roles to be affected.
17 h ago17 min read
Broadcom chief calls AI investment a casino-like gamble while eyeing $230bn chip sales
Broadcom's Hock Tan likened AI investing to gambling and doubted OpenAI's profitability, despite projecting $230 billion in AI chip revenue by 2028.
18 h ago16 min read
Cycle Signals Suggest When Bitcoin Could Retake Its Record High
Bitcoin could retake its $126,000 peak around 2027, with one analyst citing June 2027 and another targeting $170,000.
18 h ago11 min read
UK Sept retail sales beat forecasts, 17% fuel jump highlights squeeze
UK retail sales growth exceeded forecasts in September, but a 17% surge in fuel spending and high diesel prices indicate households are squeezed by risingβ¦
18 h ago14 min read
Goldman points to oil, ECB, election as keys to French spread
Goldman Sachs says French bond spread is tied to oil, ECB inaction, and fiscal uncertainty, with only a few possible relief factors.
18 h ago16 min read
Standard Chartered offers RLUSD custody in Dubai, plans LMAX collateral mirroring
Standard Chartered has launched institutional custody for RLUSD in Dubai and is working on a collateral mirroring link with LMAX.
18 h ago14 min read