Author: FX

People’s Bank of China USD/CNY reference rate is due around 0115 GMT.The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central…

AUD/USD flat lines near 0.6185 in Thursday’s early Asian session.  A slower pace of the Fed rate cut might lift the USD against the Aussie.  A falling Chinese Yuan has led the Aussie to multi-year lows.  The AUD/USD pair trades on a flat note around 0.6185 during the early Asian session on Thursday. However, the expectation that the US Federal Reserve (Fed) will take a slow and cautious approach to further rate cuts this year might boost the US Dollar (USD) and acts as a headwind for AUD/USD. In the final monetary policy meeting on December 18, the Fed indicated that it…

By Stevo Vasiljevic CETINJE, Montenegro (Reuters) -A gunman in Montenegro killed at least four people, including two children, after opening fire on Wednesday inside a restaurant in the historical capital of Cetinje and then going outside and continuing to shoot, according to police and local media reports. Montenegrin Vijesti TV said a brawl at the restaurant preceded the shooting, with a number of people killed on the premises. The gunman, who remained at large, then left the restaurant, shooting and killing two children on the street, news portal CDM reported. A police spokeperson said at least four people were killed.…

By Hyonhee Shin SEOUL (Reuters) -Senior aides to South Korea’s impeached President Yoon Suk Yeol offered to resign en masse on Wednesday, a day after his office expressed regret over acting President Choi Sang-mok’s approval of two new judges to a court set to decide Yoon’s fate. Yoon’s chief of staff, policy chief, national security adviser and special adviser on foreign affairs and security, as well as all other senior secretaries, tendered their resignation, his office said in a statement, without elaborating. Choi said he would not accept their resignation as the priority now was to focus on improving the…

Brand prescription drugs to rise an average 4.5% in 2025 Source link

(Reuters) -At least 10 people were killed and 30 injured when a truck drove into a large crowd on Canal and Bourbon Street in New Orleans’ French Quarter early on Wednesday, a city government agency said. It said no further information was immediately available. Earlier CBS News, citing witnesses, reported that a truck had crashed into the crowd at high speed, and then the driver got out and started firing a weapon, with police returning fire. “Initial reports show a car may have plowed into a group of people. Injuries are unknown but there are reported fatalities,” New Orleans Police…

A devastating attack in New OrleansA horrific act of violence has shaken the heart of New Orleans, leaving a trail of unimaginable grief and sorrow. A man deliberately drove his car into a crowd, transforming a scene of normalcy into one of chaos and terror. At least 10 lives were tragically cut short, leaving families shattered and a community in mourning. Dozens more were injured, their lives forever marked by this senseless act.While the motive of the attack is still untold/unknown in this developing story, this tragedy evokes chilling memories of the recent attack in Magdeburg, Germany, where a driver…

What markets are open on New Year's Day? Source link

JERUSALEM (Reuters) – Israeli air strikes on al-Bureij refugee camp and Jabalia town in central and northern Gaza killed at least 17 Palestinians on Wednesday, the official Palestinian news agency WAFA reported. The Israeli military had no immediate comment although in a post on X, its Arabic spokesperson warned residents of al-Bureij earlier to evacuate ahead of an imminent strike against militants firing rockets from the area. It also said overnight that it killed Abd al-Hadi Sabah, a Hamas militant who helped lead the infiltration into Kibbutz Nir Oz during the Oct. 7, 2023 attack by the Islamist group on…

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