Shanghai to Implement Vehicle Purchase Tax Exemption for New Energy Vehicles and Extend New Energy Vehicle Replacement Subsidies

The dollar index and the euro both slipped on Thursday in choppy trading as investors waited on a speech by Federal Reserve Chairman Jerome Powell on Friday for further clues about the ongoing pace of the U.S. central bank’s rate hikes.

The dollar eased against most major currencies on Thursday as support from the Federal Reserve’s hawkish messaging subsided a day before hotly anticipated U.S. jobs data, even as pessimism about a protracted recession ebbed.

The dollar retraced from a 20-year high and the euro broke back above parity, following a brief dip below, after data on Wednesday showed U.S. consumer price inflation surged to a more than 40-year high in June.

The U.S. dollar was up 0.35% at 136.165 yen, gaining support from a strong rebound in the 10-year Treasury yield, which jumped to 2.9780% in Tokyo on Tuesday from the lowest since May at 2.7910% on Friday.

G7 agreed to set price cap on Russian energy imports

The dollar climbed to a near four-week high against a basket of currencies on Friday, after data showed U.S. consumer prices accelerated in May, strengthening expectations the Federal Reserve may have to continue with interest rate hikes through September to combat inflation.

A group of Peruvian indigenous communities said on June 9 that they would lift protests against MMG Ltd's Las Bambas copper mine, which has been forced to shut down for more than 50 days, the longest in the mine's history.

SHANGHAI, Apr 28 (SMM) - The China Securities pointed out that the performance of gold was mediocre in 2021 and far underperformed commodities.

The dollar hit a two-year high on Tuesday as concerns about slowing growth in China and expectations that the Federal Reserve will aggressively hike rates boosted demand for the greenback.

Luo Junjie, the spokesman of the Ministry of Industry and Information Technology (MIIT), said at the press conference of the State Council Office on April 19 that MIIT planned to moderately speed up the development of resources in China, and would work with relevant departments to resolutely crack down on unfair competition such as hoarding and driving up prices, pushing the prices of raw materials for new energy vehicles back to normal as soon as possible.