USD/CAD fell below 1.4200 as a weaker US Dollar and lower crude oil prices pressured the pair.
UBS forecasts mid-teen AI stock returns by 2025, citing investment growth, monetisation, and a $10.5 trillion valuation.
WTI oil rose to $70.30 but faced pressure from Kurdistan exports, US tariffs, and economic data anticipation.
The US dollar’s uptrend has broken; indicators suggest weakening, but a downtrend is not yet confirmed.
NZD/USD rises to 0.5750 after strong retail sales, supported by China’s policies but facing US risks.
China COSCO Shipping shares fell 8% after Donald Trump proposed fees and shipping requirements for Chinese-built vessels.
Gold prices fell to $2,925 after profit-taking. US tariffs, central bank demand, and economic uncertainty influence trends.
PBOC sets yuan midpoint, allows ±2% fluctuation. Injects CNY 292.5B via reverse repos. China advances rural reforms.
PBOC set the USD/CNY rate at 7.1717, using monetary tools to maintain stability and support growth.
The Euro rises above 1.05 as German conservatives win, boosting confidence despite expected coalition negotiations.
