PBOC sets USD/CNY reference rate at 7.1101 vs. 7.1091 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1101, as against the previous day's fix of 7.1091 and 7.2403 Reuters estimates.

May 28, 2024

Australia’s Retail Sales rises 0.1% MoM in April vs. 0.2% expected

Australia’s Retail Sales, a measure of the country’s consumer spending, rose 0.1% MoM in April from the previous reading of a 0.4% decline, according to the official data published by the Australian Bureau of Statistics (ABS) on Tuesday.

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May 28, 2024

China’s Shanghai city announces measures to prop up property market

Taking the lead from similar support measures in other cities, China’s Shanghai city announced several measures to inject life into its beleaguered property sector on Tuesday.

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