The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
The rate today at 6.8680 is the strongest for CNY since 17 April 2023.
PBOC injects 500mn yuan via 78pday reverse repos in open market operates today. Unchanged rate of 1.4%.
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ORCL's debt surges 66% for AI, but cloud revenue jumps 84% & backlog hits $553B. Valuation looks cheaper.
RBNZ Governor Breman to conduct multiple media interviews following April 8 decision, signalling a push to guide market expectations amid rising inflation and weaker growth outlook.
Judge may block $6.2B Nexstar-Tegna merger over antitrust; risks to competition & consumer costs loom.
Oil plunges 15% as Trump-Iran ceasefire sparks 1000-point Dow futures rally. Geopolitical risk premium evaporates.
JPM sees blockchain rivals grow; its own blockchain transactions are up 30x since 2023.
Iran-linked proposal suggests Hormuz transit may be limited to ~10–15 ships daily with IRGC oversight and tolls, even during ceasefire. Signals risk of prolonged supply constraints, with war set to resume if talks fail.
RBNZ holds OCR at 2.25% as Middle East oil shock lifts inflation outlook to ~4.2% while growth weakens. Bank signals patience but warns it will act if inflation expectations rise, highlighting rising stagflation risks.
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