News and Information

  Investors are generally waiting for the Federal Reserve to release the latest monetary policy meeting minutes and other economic data to be released, and the market is more cautious. Monday's poor U.S. economic data provided support for gold prices, and the international trade situation also provided confidence to bulls. On Wednesday (July 5), Asian time, spot gold fluctuated in a narrow range near the near-one-week high, and is currently trading around $1,924.30/ounce. Investors are generally waiting for the Federal Reserve to release the latest monetary policy meeting...

  The dollar fell slightly against the yen on Tuesday. The market is on high alert for signs of Japanese intervention, but the market as a whole remains calm due to the holiday of US traders due to public holidays. At the beginning of the Asian session on Wednesday (July 5), the dollar index fluctuated narrowly and is currently trading around 103.09. The dollar fluctuated narrowly against the yen and is currently trading around 144.48. The dollar fell slightly against the yen on Tuesday. The market is on high alert for signs of Japanese intervention, but due to the US trading...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on July 6, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.2098 yuan for 1 US dollar, 7.8641 yuan for 1 euro, 5.0176 yuan for 100 yen, 0.92208 yuan for 1 Hong Kong dollar, 9.2035 yuan for 1 pound, 4.8241 yuan for 1 Australian dollar, and 4.8241 yuan for 1 New Zealand dollar.

  The euro entered a new week near a two-month high against the dollar, but quickly lost momentum and could fall further to 1.08 or below if U.S. economic data leads to renewed dollar strength and weaker Asia-Pacific currencies, according to market analyst James Skinner. The euro rallied at the start of the new week and maintained its gains throughout the European session on Monday, but quickly lost momentum during the North American session. The Institute for Supply Management (IS...

  The market believes that the Reserve Bank of Australia will maintain stability on Tuesday, but some analysts expect to raise interest rates by another 25 basis points. Market analyst Matias Salord said that the market expects the impact of this decision on the Australian dollar against the US dollar to be limited. Even in the event of a hawkish surprise, if market participants are worried about the economy, then the move could ultimately be bad for the Australian dollar. The Australian dollar needs to maintain above 0.6800 to be able to achieve a larger rise. If it falls...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on July 5, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market will be 7.1968 yuan for 1 US dollar, 7.8501 yuan for 1 euro, 4.9944 yuan for 100 yen, 0.91909 yuan for 1 Hong Kong dollar, 9.1737 yuan for 1 pound, 4.8283 yuan for 1 Australian dollar, and 4.8283 yuan for 1 New Zealand dollar.

  Economic Observer, reporter, Wang Qing "I heard that the interest rate of the US dollar time deposit is particularly high recently, and it can reach four or five points in one year. Compared with the three-year interest rate of the RMB time deposit, the highest interest rate is only 3.5%. It must be more fragrant to deposit US dollars regularly." On June 28, Ms. Qin, who came to the bank branch to inquire about the US dollar time deposit, told the Economic Observer reporter. Ms. Qin happened to have some idle US dollars on hand, so she took advantage of her lunch break to come to the bank for consultation to understand the situation....

  People's Daily Online, Beijing, July 3. According to the official website of the State Administration of Foreign Exchange, in the first quarter of 2023, the scale of our country's foreign debt has rebounded, and the structure has remained basically stable. As of the end of March 2023, the balance of our country's full-caliber (including local and foreign currencies) foreign debt was 2.4909 trillion US dollars, an increase of 38.10 billion US dollars from the end of 2022, an increase of 2%. From the perspective of currency structure, the proportion of local currency foreign debt is 45%, the same as that of the end of 2022; from the perspective of term structure, medium and long-term foreign debt accounted for...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on July 3, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 7.2157 yuan for 1 US dollar, 7.8992 yuan for 1 euro, 5.0171 yuan for 100 yen, 0.92065 yuan for 1 Hong Kong dollar, 9.1965 yuan for 1 pound, 4.8231 yuan for 1 Australian dollar, and 4.8231 yuan for 1 New Zealand dollar.

  The European Central Bank's annual forum in the Portuguese town of Sintra ushered in a "real climax" when four central bankers from the US, UK, Europe and Japan were invited to a panel discussion. In the end, the remarks of the world's major central bankers were not surprisingly hawkish as a whole. Among them, the US, UK and European central banks sent a signal to continue raising interest rates, and the Bank of Japan said that a shift to tightening policy was not impossible. But seemingly the same pace...

  On June 30, Beijing time, in the morning trading of Asian markets, the dollar index fluctuated narrowly, and is currently trading around 103.36. The dollar index climbed to a two-week high of 103.44 on Thursday, and finally closed up 0.34% at 103.35. After data showed that the US labor market is still firmly established, which provided possible support for the Federal Reserve to continue to raise interest rates. Claus Vistesen, chief euro area economist at Panson Macro, said that demand in the euro area is going...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on June 30, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.2258 yuan for 1 US dollar, 7.8771 yuan for 1 euro, 5.0094 yuan for 100 yen, 0.92198 yuan for 1 Hong Kong dollar, 9.1432 yuan for 1 pound, 4.7992 yuan for 1 Australian dollar, and 4.7992 yuan for 1 New Zealand dollar.

  Brad Bechtel, global head of FX at Jefferies, said: "I'm shorting the pound against the dollar because I think the difficulties facing the UK economy and the Bank of England are starting to peak, and I expect the pound to bear the brunt." Sterling had been on a roll until recently, but a rebound in the dollar, a sharp rise in bond yields and implicit market expectations for Bank of England interest rates have hampered sterling's gains since mid-month, then fuelled the correction now underway....

  The dollar index closed up 0.48% at 103 on Wednesday after Powell said he would not rule out the possibility of the Federal Reserve raising interest rates again at its next meeting in July. Erik Bregar, director of foreign exchange and precious metals risk management at the Silver Gold Bull, said that Kazuo Ueda, governor of the Bank of Japan, did not show any desire to thwart the weakness of the yen and open the door to further weakness in the yen. In early trading in Asia on June 29, Beijing time, the dollar index fluctuated in a narrow range,...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on June 29, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.2208 yuan for 1 US dollar, 7.9167 yuan for 1 euro, 5.0247 yuan for 100 yen, 0.92183 yuan for 1 Hong Kong dollar, 9.1692 yuan for 1 pound, 4.7893 yuan for 1 Australian dollar, and 4.7893 yuan for 1 New Zealand dollar.