China and US agree to trade consultation mechanism; joint statement expected, hinting at positive developments.
PBOC adjusts USD/CNY rate, uses monetary tools to manage stability, growth, and reform China’s finance sector.
PBOC sets daily yuan midpoint at 7.2429, guiding USD/CNY within a controlled 2% trading band.
EUR/USD dips amid ECB rate cut talk, US-China trade optimism, and looming EU countermeasures on tariffs.
US-China relations show progress with planned meetings; US targets lower prescription drug prices to aid consumers.
Gold fell amid stronger US Dollar and trade optimism; geopolitical risks and central bank buying offer support.
South Korea’s early May exports fell 23.8% year-on-year, with imports down 15.9%, deepening trade deficit.
GBP/USD dips as strong US Dollar, Fed stance pressure pair; traders await central bank signals this week.
UK employment gauges drop as demand falls, signaling a weakening labour market despite persistent wage growth concerns.
Japan’s March BOP trade surplus fell to ¥516.5 billion, signaling shifts in trade dynamics and planning.
Insights 
VT 
