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28 Apr 2025

PBOC Deputy Governor: Impact on China’s forex assets from volatility in US bond markets is limited

The People’s Bank of China ()PBOC) Deputy Governor said in a news conference that the “impact on China’s forex assets from volatility in US bond markets is limited.”

Additional takeaways

  • Resilience in China's economy, the forex market will provide support for Yuan stability.
  • The central bank will continue to implement an appropriately loose monetary policy, step up support for the economy.
  • China will keep the Yuan basically stable.
  • The central bank will stabilise market expectations on the Yuan and resolutely deal with market-distorting behaviours.
Apr 28, 2025

Australian Dollar loses ground due to rising expectations of RBA’s rate cut in May

The Australian Dollar (AUD) extends loses for the second successive session on Monday. The AUD/USD pair is under pressure as the US Dollar (USD) strengthens amid signs of easing tensions between the US and China.
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Apr 28, 2025

USD/INR holds steady amid India-Pakistan tensions

The Indian Rupee (INR) flat lines on Monday. Rising tension with Pakistan could trigger a risk-off sentiment among traders, which might drag the Indian currency lower.
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