Financial and Business News
“Will maintain the exchange rate of the yuan at ‘basically stable’ levels,” said People’s Bank
WTI begins the week on a back foot amid sober sentiment. S&P 500 Futures drop
Economist at UOB Group Ho Woei Chen, CFA, comments on the recent PBoC event. Key
Data released on Friday showed retail sales rose 3.6% in April in Canada surpassing expectations. Analysts
Existing home sales pulled back modestly in April (-2.7%) showed data released on Friday. Analysts
Analysts at MUFG Bank, point out the Swiss franc has recently started to strengthen alongside
Retail Sales in Canada increased more than expected in April. USD/CAD continues to trade in
US Manufacturing PMI rose to a new series high in May. US Dollar Index rose
USD/CAD refreshes intraday top during two-day uptrend. MACD teases buyers, suggests further upside towards the
NZD/USD bears are lurking at dynamic 4-hour support. Bears in good stead from the longer-term perspective
