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.
Musk wrote on X that if dollar inflation is addressed, all other things being equal, the dollar price for buying cryptocurrencies will actually decrease. What matters is the dollar-to-cryptocurrency ratio.
The dollar against the yen USD/JPY rose to 158.13, a new high in nearly half a year.
The pound against the dollar GBP/USD fell by more than 1.00% during the day, continuing to brush the lowest level since April 2024 and now trading at 1.2392.
This year, gold has withstood multiple pressures and risen all the way, but now the strong dollar has returned. Can gold bulls seize these main trading lines to reach new highs next year?
The won narrowed losses against the dollar to 1,414.45, down 0.8 per cent, after President Yoon Seok-hyuk said martial law would be lifted.
The won's decline against the dollar widened again to 1.6%.
The Korean won's decline against the dollar narrowed to 1%, and it once recovered the 1,420 won mark, which means that the overall "lost ground" in the day has recovered more than half.
Goldman Sachs Group said Asian central banks would proceed cautiously with further easing given the strength of the dollar and the risk of tariffs imposed by the Trump administration. Goldman Sachs does not expect the Bank of Korea to cut interest rates further this week, according to Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs. Last week, Indonesian officials have warned that the room for lowering borrowing costs has narrowed due to political developments in the United States. ...
GBP/USD fell to its lowest level since May 14, trading at 1.2577.
The central parity of the yuan against the dollar fell by 64 points to 7.1991 from the previous day, and the central parity depreciated to the lowest level since September 11, 2023.
According to China Money Network, the onshore yuan rallied against the dollar, falling more than 300 points at the beginning of the session.
The central parity rate of the RMB against the US dollar fell by 666 points to 7.1659 from the previous day, the lowest since November 17, 2023, and the largest decline since April 26, 2022.
The market shows that BTC rose to $73,620.12 in a short period of time and then fell back. It is now at $72,737, a 24-hour increase of 3.98%. It is only about $150 away from the historical high of $73,777 in March this year.
Asked last week whether the dollar's status as the world's reserve currency was stable, the US Treasury badge hanging from the podium fell to the ground and made a loud noise. Yellen responded: "I have confidence in the status of the dollar."