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Jul 7, 2025
PBOC sets USD/CNY reference rate at 7.1506 vs. 7.1535 previous
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1506 as compared to Friday's fix of 7.1535 and 7.1626 Reuters estimate.
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Jul 7, 2025
WTI slumps to near $65.00 as OPEC+ hikes August output larger than expected
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.00 during the early Asian trading hours on Monday. The WTI price slumps after the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to a bigger-than-expected production increase in August.
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