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PHILIPPINE BENCHMARK INDEX RISES UP TO 2.3% TO 6,106.96, REACHING HIGHEST SINCE APRIL 10
2026-05-07
PHILIPPINE BENCHMARK INDEX RISES UP TO 2.3% TO 6,106.96, REACHING HIGHEST SINCE APRIL 10
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2026-05-07
TRUMP: WE WON'T LET IRAN HAVE NUCLEAR WEAPON
TRUMP: WE WON'T LET IRAN HAVE NUCLEAR WEAPON
2026-05-07
The Chinese yuan strengthens in both onshore and offshore trading. Earlier Thursday, the PBOC set the fixing at 6.8487 per dollar, the strongest level since March 2023, CFETS data show. MUFG’s Lloyd Chan says Asian currencies are also gaining versus
The Chinese yuan strengthens in both onshore and offshore trading. Earlier Thursday, the PBOC set the fixing at 6.8487 per dollar, the strongest level since March 2023, CFETS data show. MUFG’s Lloyd Chan says Asian currencies are also gaining versus the dollar as markets see limited appetite for further Middle East escalation. He adds that additional de-escalation—such as Iran accepting a U.S.-backed deal and gradual reopening of the Strait of Hormuz—could further support Asia FX. The dollar is down 0.1% to 6.8037 yuan in onshore trade after briefly touching 6.8032, its weakest intraday level since February 2023, LSEG data show.
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