Category forex

Canadian Dollar Gains On Rising Crude Oil

USD/CAD falls to near 1.4005 on higher crude oil prices The Canadian Dollar is edging higher against the US Dollar, with the USD/CAD pair extending its downside to near 1.4005. Rising crude oil prices are providing support to the commodity-linked Canadian Dollar.

China Sets Yuan Rate At 6.7948

PBOC sets yuan reference rate higher than estimate The People's Bank of China set the USD/CNY reference rate at 6.7948. The rate is higher than the estimated 6.7821. The previous close was 6.7752. The yuan is allowed to fluctuate within a +/- 2% ran