Category forex

China Sets USD/CNY Rate

PBOC sets USD/CNY reference rate at 6.7989 The People's Bank of China set the USD/CNY central rate for the trading session ahead at 6.7989. The previous day's fix was 6.8036. The PBOC uses various monetary policy instruments to achieve its objectives, including f

PBOC Set to Fix USD/CNY Midpoint Near 6.7931

The daily yuan reference rate reflects China’s managed float system and serves as a key policy signal for FX markets. The People’s Bank of China is expected to set the USD/CNY reference rate at approximately 6.7931 in its daily fixing. This midpoint anchors the yuan’s trad

New Zealand Markets Closed For Holiday

New Zealand markets are closed due to a holiday New Zealand's stock exchange is closed for a holiday, reducing NZD trade liquidity. The closure may lead to wider spreads and price swings. Japan will publish its June PPI at 2350 GMT, expected to be slower mo