BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
The Chinese central bank, PBOC, has agreed to establish direct trading between its yuan currency and seven foreign currencies. In an announcement made on its website earlier today, the central bank noted that China will start direct trading between the Yuan and seven more currencies starting Monday December 12th.
The seven foreign currencies against which yuan direct trading will be established include the Norwegian krone, Mexican peso, Polish zolty, Swedish krone, Denmark krone, Hungarian forint and Turkish lira will begin on Dec. 12, the China Foreign Exchange Trade System (CFETS) said in a statement on its website.
Meanwhile, the CFETS, the interbank trading and foreign exchange division of PBOC, said that the purpose of commencement of direct trading between the Yuan and other currencies is to facilitate bilateral trade and investment with these countries and lower exchange rate costs.
