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24 Apr 2025

PBOC Governor Pan: There are no winners in trade wars and tariff wars

People's Bank of China (PBOC) Governor Pan Gongsheng said on Thursday, “there are no winners in trade wars and tariff wars.”

Additional quotes

  • Unilateralism and protectionism have no way out and are not in the interests of anyone.
  • China will adhere to opening up.
  • China firmly supports free trade rules and the multilateral trading system.
  • China will promote inclusive economic globalization, maintain global economic and financial stability.
Apr 24, 2025

USD/CHF trade with mild negative bias below 0.8300; downside seems cushioned

The USD/CHF pair fails to capitalize on a two-day-old recovery from the lowest level since September 2011 and attracts some sellers during the Asian session on Thursday.
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Apr 24, 2025

GBP/USD Price Forecast: Bullish outlook remains in play above 1.3250

The GBP/USD pair drifts higher to around 1.3270, snapping the two-day losing streak during the early European trading hours on Thursday. Mitigating concerns over potential tariff threats by US President Donald Trump exerts some selling pressure on the US Dollar (USD).  
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