Goldman Sachs Says China’s Yuan Is 25% Undervalued, Sees Stronger Gains Ahead
Goldman Sachs says China’s yuan is roughly 25% undervalued on a trade-weighted basis and is likely to appreciate more than current 2026 forward pricing suggests.
fx markets
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Iranian Rial Falls to a New Record Low Near 1,250,000 per U.S. Dollar
The Iranian rial has plunged to a historic low near 1,250,000 per U.S. dollar, extending a multiyear currency collapse driven by sanctions and dwindling foreign reserves.
CME Data-Center Failure Freezes Global Futures, FX and Commodities Trading
A data-centre cooling failure at CME Group halted futures and options trading globally, freezing markets for commodities, FX, equities and bonds.