PBOC sets USD/CNY reference rate at 6.5749

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY reference rate at 6.5749 vs. Tuesday’s 6.5809.

The PBOC injected a CNY120 billion via seven-day reverse repos in open market operations (OMOS) while CNY100 billion matured.

Therefore, the net injection stood at CNY20 billion, the same as that seen on Tuesday.

Nov 25, 2020

Gold to drop below $1,650 in next two years – Westpac

In the view of Westpac’s Senior Economist Justin Smirk, gold prices have peaked alongside risk aversion and are seen lower over the next two years. Ke

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Nov 25, 2020

S&P 500 Index: Eyes 9% rally to 3,900 by end-2021 – Reuters poll

According to the latest Reuters poll of 40 strategists, the S&P 500 index is set to rise 9% by the end of 2021, as the coronavirus vaccines rollout is

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