Category forex

Euro Strengthens Ahead Of ECB Decision

EUR/USD trades near 1.1540 on ECB rate hike bets The EUR/USD pair is trading in positive territory near 1.1540. Rising bets on a European Central Bank rate hike underpin the Euro. The ECB is set to deliver its June policy meeting decision later on Thursday.

PBOC Set to Fix USD/CNY Midpoint Near 6.7819

The daily yuan reference rate reflects China’s exchange rate policy amid USD strength and domestic economic signals. The People’s Bank of China will announce its USD/CNY reference rate around 0115 GMT, with Reuters estimating a midpoint near 6.7819. The fixing serves as a