The People’s Bank of China (PBOC) took a bold move by cutting the one-year Medium-term Lending Facility (MLF) rate from 2.50% to 2.30% on Thursday, signaling efforts to stimulate economic
The Canadian Dollar (CAD) faced challenges as it briefly hit a 14-week low against the Greenback following the Bank of Canada's (BoC) decision to cut rates by 25 basis points.
As the US Dollar Index (DXY) remains stable around 104.50, the Greenback faces pressure from declining Treasury yields. The 2-year and 10-year yields on US bonds are currently at 4.44%