COMMERZBANK EXPECTS SILVER PRICE TO REACH USD 90 PER TROY OUNCE BY YEAR-END

China’s central bank is using its daily yuan reference rate to curb the currency’s rally as its recent outperformance during the Iran war boosts bullish sentiment. Volatility in the People’s Bank of China’s fixing has dropped to the lowest since early March, signaling efforts to limit fluctuations within the 2% trading band. The yuan’s strength, driven by resilience to energy shocks, has prompted pushback against one-way bets that could hurt exports. Analysts say the PBOC has shifted to a neutral stance, aiming to prevent overly rapid appreciation while stabilizing FX markets.

美联储理事沃勒：将密切关注通胀预期对冲突的反应。