The offshore yuan rose more than 800 points against the dollar in the day, the latest reading was 7.2588, setting a new high since mid-December last year.
Hong Kong Special Administrative Region Government: Total gold exports to the Chinese mainland in September were 16.588 tons, compared with 16.377 tons previously. Net gold exports to the Chinese mainland in September were 16.151 tons and 6.245 tons in August.
Gold prices hit a record high of $2588.95 an ounce on Monday, helped by a weaker dollar and market expectations that the Federal Reserve will cut interest rates this week for the first time since 2020, possibly by 50 basis points. Tim Waterer, chief market analyst at KCM Trade, said: "The prospect that the Federal Reserve could cut interest rates by 50 basis points this week puts gold and the dollar in reverse. The overall situation for gold remains favorable and could rise further. If...
According to Whale Alert, 14,588 ETH ($33,599,237) was transferred from unknown wallets to Coinbase.
The number of U.S. challenger companies laid off 75,891 in August, compared with the previous value of 25,885.
As stETH fell to $2,588 in the past seven hours, the phishing address that had stolen 55.40 million DAI exchanged 950,000 DAI for 367 stETH and transferred 4.4 ETH to eXch.