USD/CNY Exchange rate
Editors’ Picks
EUR/USD holds on to daily gains near 1.1900
EUR/USD is advancing towards 1.1900 amid upwardly revised EU final PMIs. The US dollar eases amid a recovery in the risk sentiment, in anticipation of more stimulus from the US and China. US ISM Manufacturing PMI unexpectedly dropped to 59.5.
GBP/USD modestly higher around 1.3910
GBP/USD is holding ground above 1.3900, as the return of risk appetite dents the US dollar's safe-haven appeal. Optimism on the covid and vaccine front underpins the pound ahead of Thursday's BoE decision. The UK Final Manufacturing PMI meets estimates.
XAU/USD eyes deeper losses if $1805 support caves in
Gold price starts August in the red amid a rebound in risk appetite ahead of ISM. US infrastructure bill optimism, DYX weakness fails to offer reprieve to gold bulls.
Ethereum 2.0 sees ray of hope after multiple delays and internal conflicts
Ethereum price flashed a sell signal, hinting at a correction after a 58% upswing. The hash rate improves after the mining community faced a debacle. ETH developers continue to evolve the ecosystem with new ideas and platforms.
Week ahead: US NFP, BoE meeting, earnings reports
The June jobs report turned out to be a much better report than expected on the headline number. The 850k jobs added was a decent improvement on the May number of 583k, but it didn’t tell us too much about the overall state of the US labour market in terms of ...