PBOC sets USD/CNY reference rate at 7.2597, managing a floating system with intervention to stabilize volatility.
Gold prices in Malaysia rose to MYR 412.92 per gram, influenced by market factors and central bank reserves.
UK consumer spending slowed in February despite strong household confidence, with retail sales and broader spending growth declining.
GBP/USD hovers near 1.2890 as US Dollar weakens amid recession concerns and anticipated Federal Reserve rate cuts.
Japan’s Q4 GDP grew 0.6% QoQ, 2.2% YoY; inflation at 2.9%; BOJ policy stance unchanged.
Japan’s January household spending rose 0.8% year-on-year, below the expected 3.6%, with monthly spending down 4.5%.
The PBOC set the USD/CNY rate at 7.1741, utilizing monetary tools to maintain stability and growth.
Westpac Consumer Confidence rose 4% to 95.9, driven by slowing inflation and an interest rate cut.
WTI crude trades at $65.45 amid tariff concerns, potential recession, sanctions on Iran, and OPEC decisions.
The Bank of Canada may pause rate cuts, but economic uncertainty and U.S. trade risks could influence policy.
Insights 
VT 
