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.
GBP/USD climbs on weak USD, supported by strong UK data, despite BoE outlook; further gains possible.
USD/JPY falls below 149.00 as yen strengthens amid easing concerns over Japanese Government Bond yield increases.
China’s No.1 document focuses on rural reforms, agricultural productivity, and grain security, impacting Australia’s trade and AUD.
China’s 2025 rural strategy prioritises food security, infrastructure, innovation, local industries, governance, and resource optimisation.
AUD/USD rises to 0.6370 as weaker US dollar and China’s support boost the Australian Dollar’s strength.
