CNY/AUD Exchange rate
Editors’ Picks
AUD/USD holds losses near 0.6450 amid Australian politics; RBA eyed
AUD/USD keeps the red near 0.6450 in the Asian session on Tuesday as traders opt to wait for the RBA decision before placing fresh directional bets. A modest US Dollar uptick and Australian political drama undermine the Aussie even as the PBOC delivered the expected 10 bps Loan Prime Rate cuts.
USD/JPY drops back below 145.00 on likely Japan-US FX talks
USD/JPY has come under intense selling pressure and gives up 145.00 in the Asian session on Tuesday. The pair fades the upswing after Japan's Finance Minister Kato hinted at holding FX talks with US Treasury Secretary Bessent, which lifted the Japanese Yen.
Gold price struggle with $3,250 extends, what’s next?
Gold price has returned to red early Tuesday, having failed to take out the $3,250 barrier once again. The downtick in Gold price could be linked to a tepid US Dollar recovery as traders await US trade talks and Fedspeak for a fresh directional impetus.
Solana set for a consensus switch with the introduction of Alpenglow
Solana (SOL) showed signs of recovery in the American trading session on Monday following the introduction of a new consensus protocol, Alpenglow, which would replace the network's current Proof-of-History and TowerBFT mechanisms.
China April slowdown shows the impact of economic uncertainty
Trade war uncertainty is denting Chinese confidence, resulting in slower economic activity in April. Retail sales and fixed-asset investment both underperformed forecasts amid heightened caution. Yet the impact on manufacturing was less than feared.