PEOPLE'S BANK OF CHINA SETS YUAN EXCHANGE RATE AT 7.1879 PER USD AND INJECTS LIQUIDITY
People's Bank of China sets the yuan exchange rate at 7.1879 per USD.
The expected rate was 7.2916 yuan, while the previous session's closing was 7.2994 yuan.
The bank injects 25 billion yuan in 7-day repurchase operations at a return of 1.5%.
BITCOIN PRICE STALLS AT $100.6K AS TRUMP-LINKED TOKENS GAIN POPULARITY Bitcoin price stalled at $100,600 on Wednesday, with a 3% daily gain. Demand for Bitcoin has slowed as traders focus on Trump-related tokens and lending protocols. Bitcoin on-chain transactions dropped by 37% in the last three days. The
GOLD POISED FOR THIRD WEEKLY GAIN ON FEDERAL RESERVE RATE CUT BETS Gold remained near a five-week high on Friday. It is on track for its third consecutive weekly gain. U.S. inflation data increased expectations that the Federal Reserve might cut interest rates this year.
Federal Reserve Governor Christopher Waller spoke about potential interest rate cuts in 2025. He said December's inflation data was promising, and if trends continue, a rate cut could happen in the first half of the year. A rate cut in March is possible if inflation keeps dropping. Waller
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