June 2 — CHINA'S WERIDE and Uber will launch Spain's first commercial Robotaxi pilot in Madrid, marking CHINA'S WERIDE's first entry into Europe. The service is scheduled to start later this year and will be hailable via the Uber app. Subject to meeting key operational metrics, CHINA'S WERIDE, AVOMO and Uber commit to deploying hundreds more Robotaxis and advancing fully driverless commercial coverage across central Madrid.

The dollar index, which tracks the currency against six major peers, rose 0.3% to 99.200 at the New York close. EUR/USD 1.1631 (prev. 1.1664); GBP/USD 1.3458 (prev. 1.3461); USD/JPY 159.76 (prev. 159.26); USD/CHF 0.7864 (prev. 0.7811); USD/CAD 1.3842 (prev. 1.3797); USD/SEK 9.3059 (prev. 9.2338).

Bloomberg Economics, based on public data, estimates the Reserve Bank of India may have sold about $12 billion of gold reserves in the two weeks to May 22 while buying roughly $7.5 billion of foreign-exchange assets to shield its FX holdings from spillovers of the Middle East war. Senior India economist Abhishek Gupta says the reported value of RBI gold reserves fell despite higher gold import tariffs, which he interprets as evidence of sales. As of end-March the RBI held 880.52 tonnes of gold, about 77% stored domestically.