Javier Milei’s reforms have brought stability to Argentina’s chaotic foreign exchange market and praise from investors. But the overhaul is also fueling the worst streak of corporate defaults since the pandemic https://t.co/LH9JxVgB7k ...

Core Points - The central bank's foreign exchange market has reported the RMB exchange rate against various currencies, indicating fluctuations in the value of the RMB [1] Group 1: Exchange Rate Changes - The USD/RMB rate is reported at 7.1461, showing a depreciation of 65 points, indicating an appreciation of the RMB [1] - The EUR/RMB rate is at 8.3207, reflecting an increase of 50 points [1] - The HKD/RMB rate is at 0.91035, down by 8.6 points [1] - The GBP/RMB rate is at 9.5953, up by 5 points [1] - The AUD/RMB rate is at 4.6658, down by 75 points [1] - The CAD/RMB rate is at 5.2274, up by 32 points [1] - The JPY/RMB rate is at 4.8406, up by 272 points [1] - The RMB/RUB rate is at 10.9057, up by 400 points [1] - The NZD/RMB rate is at 4.2525, down by 196 points [1] - The RMB/MYR rate is at 0.59314, up by 3.9 points [1] - The CHF/RMB rate is at 8.9314, down by 59 points [1] - The SGD/RMB rate is at 5.5802, up by 45 points [1]

Market Development - South Korea will establish a panel for regular discussions with offshore banks to enhance its foreign exchange market [1] - This initiative aims to address key obstacles in South Korea's pursuit of inclusion in a major developed-market stock index [1]

Group 1 - The Hecht Commodity Report is a comprehensive source for commodities market analysis, covering over 29 different commodities with various trading recommendations [1][2] - The report provides bullish, bearish, and neutral calls, along with actionable ideas for traders and investors [1][2] - The Euro, launched on January 1, 1999, is the second most traded foreign exchange instrument after the U.S. dollar [2] Group 2 - The author of the report actively participates in commodities markets through futures, options, ETF/ETN products, and commodity equities, with positions that can change intraday [3] - Seeking Alpha emphasizes that past performance does not guarantee future results and that the views expressed may not reflect the platform's overall stance [4]

Core Viewpoint - The article provides the interbank foreign exchange market's RMB exchange rate midpoint for July 1, 2025, highlighting fluctuations against various currencies, indicating a mixed trend in currency valuation [1] Currency Exchange Rate Summary - USD/RMB is reported at 7.1534, a decrease (RMB appreciation) of 52 points [1] - EUR/RMB is reported at 8.4305, an increase of 281 points [1] - HKD/RMB is reported at 0.91126, a decrease of 6.9 points [1] - GBP/RMB is reported at 9.8197, a decrease of 103 points [1] - AUD/RMB is reported at 4.7036, an increase of 219 points [1] - CAD/RMB is reported at 5.2557, an increase of 199 points [1] - 100 JPY/RMB is reported at 4.9738, an increase of 144 points [1] - RMB/RUB is reported at 10.9342, a decrease of 216 points [1] - NZD/RMB is reported at 4.3568, an increase of 93 points [1] - RMB/MYR is reported at 0.58727, a decrease of 26.9 points [1] - CHF/RMB is reported at 9.0181, an increase of 460 points [1] - SGD/RMB is reported at 5.6287, an increase of 108 points [1]

Core Viewpoint - The article provides the interbank foreign exchange market's RMB exchange rate midpoint for May 22, 2025, highlighting fluctuations against various currencies, indicating a mixed trend in the currency market [1]. Exchange Rate Summary - USD/RMB is reported at 7.1903, down by 34 points, indicating an appreciation of the RMB [1] - EUR/RMB is reported at 8.1462, up by 197 points, showing a depreciation of the RMB against the Euro [1] - HKD/RMB is reported at 0.91858, down by 3.1 points, indicating an appreciation of the RMB [1] - GBP/RMB is reported at 9.6474, up by 38 points, showing a depreciation of the RMB against the British Pound [1] - AUD/RMB is reported at 4.6273, down by 5 points, indicating an appreciation of the RMB [1] - CAD/RMB is reported at 5.1884, up by 104 points, showing a depreciation of the RMB against the Canadian Dollar [1] - 100 JPY/RMB is reported at 5.0009, up by 101 points, indicating a depreciation of the RMB against the Japanese Yen [1] - RMB/RUB is reported at 11.0853, down by 1220 points, indicating an appreciation of the RMB [1] - NZD/RMB is reported at 4.2688, down by 45 points, indicating an appreciation of the RMB [1] - RMB/MYR is reported at 0.59278, down by 20.9 points, indicating an appreciation of the RMB [1] - CHF/RMB is reported at 8.7096, up by 84 points, showing a depreciation of the RMB against the Swiss Franc [1] - SGD/RMB is reported at 5.5784, up by 146 points, indicating a depreciation of the RMB against the Singapore Dollar [1]

Summary of Key Points Core Viewpoint - The interbank foreign exchange market shows a depreciation of the Renminbi against various currencies, indicating a strengthening of the Renminbi overall [1] Currency Exchange Rates - The USD/CNY exchange rate is reported at 7.1991, down by 75 points, reflecting a Renminbi appreciation [1] - The EUR/CNY exchange rate is at 8.0017, down by 1057 points, indicating a significant Renminbi strengthening against the Euro [1] - The HKD/CNY exchange rate is at 0.92374, down by 26.5 points, showing a slight Renminbi appreciation against the Hong Kong Dollar [1] - The GBP/CNY exchange rate is at 9.5047, down by 868 points, suggesting a notable Renminbi appreciation against the British Pound [1] - The AUD/CNY exchange rate is at 4.5980, down by 413 points, indicating a Renminbi strengthening against the Australian Dollar [1] - The CAD/CNY exchange rate is at 5.1623, down by 241 points, reflecting a Renminbi appreciation against the Canadian Dollar [1] - The JPY/CNY exchange rate is at 4.8633, down by 913 points, showing a significant Renminbi strengthening against the Japanese Yen [1] - The CNY/RUB exchange rate is at 11.2425, down by 1580 points, indicating a Renminbi appreciation against the Russian Ruble [1] - The NZD/CNY exchange rate is at 4.2270, down by 529 points, reflecting a Renminbi strengthening against the New Zealand Dollar [1] - The CNY/MYR exchange rate is at 0.59787, up by 20.7 points, indicating a slight depreciation of the Renminbi against the Malaysian Ringgit [1] - The CHF/CNY exchange rate is at 8.5355, down by 1183 points, suggesting a Renminbi appreciation against the Swiss Franc [1] - The SGD/CNY exchange rate is at 5.5249, down by 388 points, indicating a Renminbi strengthening against the Singapore Dollar [1]

Group 1: Market Overview - The global foreign exchange market experienced significant volatility this week, influenced by trade negotiations, Federal Reserve interest rate decisions, global central bank policy dynamics, and geopolitical risks [1][6] - The focus of the market is on the progress of tariff negotiations, the direction of Federal Reserve policies, and the performance of global economic data, with geopolitical risks and trade policy uncertainties remaining key factors affecting market sentiment [6] Group 2: Dollar Performance - The US dollar index showed a fluctuating trend, opening around 99.8, reaching a high of 100.64, with an increase of approximately 1.03% [3] - Initially pressured by expectations that the Federal Reserve might maintain interest rates, the dollar rebounded after comments from Fed Chair Powell regarding inflation and trade policy, closing at 100.42 [3] - The dollar exhibited "bull-bear divergence," with investors remaining cautious due to the complexity of US economic data and global economic uncertainties [3] Group 3: Euro and Pound Performance - The euro experienced a volatile week, initially rising for two consecutive trading days before declining on Wednesday and Thursday, closing with a slight rebound at 1.12511 [3] - The euro is expected to face long-term resistance at 1.2150, with insufficient upward momentum, likely maintaining a narrow ascending channel in the short term [3] - The British pound weakened due to uncertainties surrounding the Bank of England's interest rate decision and economic data, closing around 1.3300 [3] Group 4: Safe-Haven and Commodity Currencies - Safe-haven currencies like the yen and Swiss franc performed poorly this week, with the USD/JPY pair showing a V-shaped trend as market risk aversion eased amid tariff negotiations [4] - Commodity currencies were mixed, with the Australian dollar weakening due to global economic growth concerns and commodity price fluctuations, while the Canadian dollar stabilized and rebounded due to rising oil prices [5] Group 5: Global Central Bank Dynamics - Several central banks maintained their policies this week, including the Federal Reserve and the Bank of Japan, which continued their accommodative stances [7] - The Norwegian central bank kept high interest rates to address rising inflation [7] - The Hong Kong Monetary Authority took actions to stabilize the Hong Kong dollar, emphasizing the importance of regional financial stability [6][7]