PBOC keeps one-year, five-year LPR rates unchanged

People’s Bank of China (PBOC) holds its benchmark monetary policy rates, namely the Loan Prime Rates (LPR), unchanged during Monday's announmcements.

May 22, 2023

PBOC sets USD/CNY reference rate at 7.0157 vs. 7.0356 previous

People’s Bank of China (PBOC) set the USD/CNY central rate at 7.0157 on Monday, versus previous fix of 7.0356 and market expectations of 7.0141. It's

Gold Price Forecast: XAU/USD climbs above $1,980 as uncertainty over US debt-ceiling raise soars

Gold price (XAU/USD) has shifted comfortably above the critical resistance of $1,980.00 in the Tokyo session. The precious metal has got immense stren