1-month USD/INR forward contracts are quoted at 94.70, versus 95.35 on Friday.
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The People’s Bank of China fixed the yuan reference rate at 6.9223 against the dollar, up from Friday’s 6.9110.
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The yuan was pegged at its weakest midpoint since March 2 by PBOC.
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The head of Taiwan’s central bank said 2026 CPI could rise to 1.9% from the current 1.8% if average oil prices reach $100.
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Hong Kong’s benchmark index, the Hang Seng, is poised to drop 1.7% as markets open.
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WTO head noted that with the e-moratorium expired, countries can now apply tariffs on electronic products, though efforts are underway to reinstate it.
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From WSJ
Trump is weighing a military operation to extract nearly 1,000 pounds of uranium from Iran, according to U.S. officials, a complex and risky mission that would likely put American forces inside the country for days or longer.
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Trump is weighing a military operation to extract nearly 1,000 pounds of uranium from Iran, according to U.S. officials, a complex and risky mission that would likely put American forces inside the country for days or longer.
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WTO head noted that specific deadlines are in place to achieve a nimbler and more efficient trade body.
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WTO head noted that the United States and Brazil are engaging with each other to try to reach a deal on the e-commerce moratorium.
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Taiwan central bank governor stated that the bank may move toward policy tightening should inflation pressures increase.
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Australia’s Prime Minister Anthony Albanese said the National Cabinet approved the National Fuel Security Plan.
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30-year Japanese Government Bond yield is up 5.0 bps, trading at 3.750%.
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Taiwan’s central bank chief stated that the financial impact of Middle East-related fund outflows is manageable.
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Australia’s Prime Minister Anthony Albanese announced a 50% reduction in petrol and diesel excise for the next three months.
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Australia’s PM Anthony Albanese announced that the road user charge for heavy vehicles will be suspended for three months.
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Dollar Supported by Energy Tailwinds, But Could Weaken Ahead-wsj
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UK Business and Trade Secretary Kemi Badenoch described the lack of agreement at WTO negotiations as a significant blow to international trade.
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The cost of the fuel duty reduction will total about A$2.55 billion, according to Australia’s Treasurer Jim Chalmers.
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China’s main equity index, the Shanghai Composite, declined by 1%.
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