The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours. Each morning, the PBOC determines the midpoint based on a range of inputs. These include the previous day’s closing price, movements in major currencies, particularly the US dollar, broader international FX conditions, and domestic economic considerations such as capital flows, growth momentum and financial stability objectives. The midpoint is not a purely mechanical calculation, allowing policymakers discretion to guide market expectations. Once the midpoint is announced, onshore USD/CNY is free to trade within the allowable band. If market pressures push the yuan toward either edge of that range, the central bank may step in to smooth volatility. Intervention can take the form of direct buying or selling of yuan, adjustments to liquidity conditions, or guidance through state-owned banks. As a result, the daily fixing is often interpreted as a policy signal rather than just a technical reference point. A stronger-than-expected CNY midpoint is typically read as a sign the PBOC is leaning against depreciation pressure, while a weaker fixing for the CNY can indicate tolerance for a softer currency, often in response to dollar strength or domestic economic headwinds.In periods of heightened global volatility, such as shifts in US rate expectations, trade tensions or capital flow pressures, the fixing takes on added significance. For investors, it provides insight into Beijing’s currency priorities, balancing competitiveness, capital stability and financial market confidence. This article was written by Eamonn Sheridan at investinglive.com.

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BOSTON (AP) — The Baltimore Orioles ended Boston’s franchise record-tying 15-game winning streak behind Kyle Bradish’s six innings of one-run ball, defeating the Red Sox 5-1 in the nightcap of a doubleheader on Wednesday. It was Boston’s first loss since a 10-2 setback to Washington at Fenway Park on July 1. The Red Sox won the opener 6-3 to match the club’s 80-year-old record. Boston’s 1946 team that won 15 straight was led by Ted Williams and won the American League pennant. This year’s Red Sox streak was the longest in the majors since St. Louis also won 15 straight in September of 2021. Dylan Beavers had a two-run single in a four-run first inning for Baltimore, which avoided a three-game sweep and won for the 11th time in 16 games. Masataka Yoshida had an RBI single for Boston. The Orioles had a season-high seven-game winning streak halted in the series opener on Monday before a rainout Tuesday. Making his first start after agreeing to a $90 million, five-year contract for 2027-31 on Saturday, the 29-year-old Bradish (7-9) gave up four hits with four strikeouts and a walk. Three Orioles relievers combined to allow one hit. After the Red Sox took a 4-0 lead in the day game, Baltimore knocked out Eduardo Rivera (0-1), who retired only two batters, with its four runs. The first run came in on Rivera’s wild pitch. After Beavers made it 3-0 with his single, he scored on Johnathan Rodriguez’s double off the Green Monster. Up next Orioles: Haven’t named a starter for their series opener at home on Friday against Atlanta. Red Sox: Host last-place Toronto for a three-game series starting Friday.

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Australia Employment Change Jun: 76.3Kexpected 15.0K, prior 40.3KUnemployment Rate: 4.4%expected 4.4%, prior 4.4%Full Time Employment Change: 29.3Kprior 5.2KPart Time Employment Change: 47.0Kprior 35.2KParticipation Rate: 67.0%expected 66.7%, prior 66.7%-The data will be welcomed by the RBA, it keeps the door open to further rate hikes but doesn not guarantee them. I doubt they'll hike at thier next meeting: This article was written by Eamonn Sheridan at investinglive.com.

In a year of budget cuts for the arts, some hope shines through. For 30 professional artists and creative entrepreneurs in Orange, Seminole, Osceola and Lake counties, the United Arts of Central Florida has decided to invest $150,000 into these artists. This is a $50,000 increase from last year; the investment will help usher in new performances, exhibitions, workshops and educational programs. These recipients were selected through the 2026–2027 Individual Artist Awards, where a volunteer panel of community leaders and arts professionals sifted through over 100 applications to find the winners. “Local artists help tell the authentic stories of who we are as a region,” said Jennifer Evins, president and CEO of United Arts of Central Florida. “This year’s Individual Artist Awards support projects that preserve culture, strengthen communities, encourage dialogue, and invite people of all backgrounds to experience the arts in meaningful ways. We are proud to invest in these talented creatives whose work will enrich Central Florida for years to come.” (COURTESY OF UNITED ARTS OF CENTRAL FLORIDA) This year’s projects zero in on the community and are hoping to drive engagement as they invite residents to participate in workshops, performances, exhibitions, and collaborative artmaking. Nicora Gangi Manwaring, a Lake County artist and one of the winners, shared how she plans to use the award. “The Individual Arts Award will enable me to explore through painting Lake County’s accessible lakes at dawn and dusk, revealing their distinctive character through the changing light and atmosphere,” Gangi said, according to UnitedArtsCFl.org. “These discoveries will be shared through exhibitions and educational programs for participants in Vibrant and Healthy West Orange and the Mount Dora Center for the Arts.” To see where the projects will be posted, visit ArtsInOrlando.com.The post United Arts of Central Florida gives the arts community hope first appeared on The Community Paper.