Category forex

China Sets USD/CNY Rate At 6.7928

PBOC sets daily USD/CNY reference rate at 6.7928 The People's Bank of China has set the USD/CNY central rate for the trading session ahead at 6.7928. This rate is compared to the previous day's fix of 6.7911. The PBOC's primary monetary policy objectives are to s

Japan Defends Yen With Foreign Reserves

Japan has $1.3 trillion in foreign reserves to defend the Yen Japan holds foreign exchange reserves of roughly $1.3 trillion, second in the world only to China. Around $1.1 trillion of that sits in foreign securities, mostly United States government debt. T