Live Updates

12 May 2025
Due to trade optimism, the US Dollar rose, causing GBP to lose ground against it

Pound falls against Dollar as US-China trade deal boosts USD; gold, Bitcoin remain subdued.

12 May 2025
Amidst US-China trade discussions, USD/CAD stabilises around 1.3940, buoyed by US Dollar strength

USD/CAD holds steady as US-China tariffs persist, economic slowdown looms, and Canadian data remains mixed.

12 May 2025
Traders are eager for details on the US-China trade deal as WTI approaches $61.00

WTI Crude climbs near two-week high amid US-China trade optimism and mixed global supply signals.

12 May 2025
The PBOC’s USD/CNY reference rate was 7.2066, lower than the estimated 7.2429 rate

PBOC sets yuan midpoint, injects liquidity; markets watch for outcomes from China-U.S. trade discussions.

12 May 2025
Optimism regarding US-China trade eases tensions, prompting buyers to support NZD/USD above 0.5900

NZD/USD rises on easing US-China trade tensions; Fed signals rate cuts amid global economic uncertainties.

12 May 2025
Goldman Sachs anticipates crude prices to decline, averaging $60/56 in 2025 and $56/52 in 2026

Goldman Sachs forecasts falling Brent and WTI prices through 2026 due to global supply growth pressures.

12 May 2025
A joint statement from China and the US on trade talks is expected; timing remains unclear

China and US agree to trade consultation mechanism; joint statement expected, hinting at positive developments.

12 May 2025
The People’s Bank of China established the USD/CNY rate at 7.2066, lower than Friday’s 7.2095

PBOC adjusts USD/CNY rate, uses monetary tools to manage stability, growth, and reform China’s finance sector.

12 May 2025
The USD/CNY reference rate is projected at 7.2429, according to estimates from Reuters

PBOC sets daily yuan midpoint at 7.2429, guiding USD/CNY within a controlled 2% trading band.

12 May 2025
The EUR/USD pair is declining to around 1.1240 after previous session gains, influenced by ECB signals

EUR/USD dips amid ECB rate cut talk, US-China trade optimism, and looming EU countermeasures on tariffs.

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