PBOC’s Yi sees China's 2021 consumer inflation below 2%

Dhwani Mehta FXStreet

The People Bank of China’s (PBOC) Governor Yi Gang said on Thursday that he expects China's 2021 consumer inflation below 2%.

Additional comments

Potential economic growth in China will slow.

Expects China GDP expansion to be close to its potential growth rate

China's economic growth model by investment in capital and labor will be hard to maintain amid aging population trend.

Monetary policy should focus on the impact from structural changes on prices.

Aging society helping to slow inflation.

Will keep the yuan exchange rate basically stable.

China / US Commerce heads agree to manage differences properly and agree to push forward with trade / investment

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD stays firm near 1.1800 amid USD retreat

EUR/USD rebounds after two days of losses, holding around 1.1800 in European trading on Tuesday. The pair benefits from a broad US Dollar retreat as markets weigh the partial government shutdown-led economic data disruption against the geopoltical de-escalation.

GBP/USD pares gains below 1.3700 as mood turns cautious

GBP/USD is consolidating its recent uptick to near 1.3710 in the European session on Tuesday. The Pound Sterling pares gains against the US Dollar as the market mood turns cautious. Meanwhile, traders resort to repositioning ahead of the Bank of England's first policy decision of 2026.

Gold jumps 6% to challenge $4,950

Gold recovers further from its lowest level since January 6 and challenges the $4,950 mark in the European session on Tuesday. The US Dollar edges lower and moves away from an over one-week high, assisting the commodity to regain positive traction following a steep decline over the past two days.

Zilliqa rallies over 20% ahead of Cancun EVM upgrade

Zilliqa price is extending its gains, rallying over 20% to $0.006 on Tuesday after soaring nearly 34% the previous day. The upcoming Cancun upgrade this week is boosting investor sentiment, despite broader weakness in the crypto market. ZIL continues to attract strong buying interest, supported by rising trading activity and improving derivatives metrics.

Macro outlook improves despite the geopolitics

In the headlines, geopolitical have overshadowed an otherwise benign macro environment in early 2026. While market jitters around the US intervention in Venezuela and the sudden tariff threats over the control of Greenland faded quickly, the events have left a sense of unease of what might come next.

Zilliqa Price Forecast: ZIL rallies over 20% ahead of Cancun EVM upgrade

Zilliqa (ZIL) price is extending its gains, rallying over 20% to $0.006 on Tuesday after soaring nearly 34% the previous day. The upcoming Cancun upgrade this week is boosting investor sentiment, despite broader weakness in the crypto market.