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Putin to meet Xi for key China summit

Russian president arrives in Beijing days after Chinese leader hosted Donald Trump

British Pound declines as risk-off mood prevails on Middle East tensions

GBP/USD extends its losses for the second successive day, trading around 1.3390 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) receives support from increased risk av ...

EU Trade Negotiator’s Zovko says US-EU trade deal reached

European People’s Party lead trade negotiator Željana Zovko said that a deal between the United States (US) and the European Union (EU) was reached, Reuters reported on Wednesday. Zovko added that dea ...

Costco trades at over $1K but hasn't split its stock since Y2K

China PBoC Interest Rate Decision meets expectations (3%)

China PBoC Interest Rate Decision meets expectations (3%)

PBOC sets USD/CNY reference rate at 6.8397 vs. 6.8375 previous

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8397 compared to the previous day's fix of 6.8375 and 6.8072 Reuters estimate.

Australian Dollar weakens below 0.7100 on Middle East uncertainties

The AUD/USD pair loses momentum to near 0.7095 during the early Asian trading hours on Wednesday. Geopolitical uncertainties and elevated crude oil prices weigh on the Australian Dollar (AUD) against ...

2 Industrials Stocks for Long-Term Investors and 1 Facing Challenges

Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. Their momentum is also rising as lower interest rates have incentivized higher ...

Canadian Dollar languishes near five-week low vs USD as focus shifts to FOMC Minutes

The USD/CAD pair attracts some dip-buyers during the Asian session on Wednesday, stalling the previous day's late pullback from the 1.3775 region or the highest since mid-April. Spot prices currently ...

Euro steadies as Trump threatens to resume Iran strikes

EUR/USD moves little after posting modest losses in the previous day, hovering around 1.1600 during the Asian hours on Wednesday. The currency pair may experience further depreciation as the US Dollar ...

US to cut troops in Europe to lowest level since before Ukraine invasion

Pentagon plans to reduce deployment from four brigades to three

PBOC leaves Loan Prime Rates unchanged in May

The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Wednesday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively.