Category forex

PBOC Set to Fix USD/CNY Midpoint Near 6.7733

The daily yuan reference rate, a key policy signal, will guide trading within a 2% band around the PBOC’s midpoint. The People’s Bank of China is poised to set its daily USD/CNY reference rate at approximately 6.7733, a closely monitored benchmark in Asian FX markets. The

Euro Falls Against USD

Euro declines to 1.1460 amid US-Iran peace deal concerns The EUR/USD pair has drifted lower to around 1.1460. Concerns about progress for the US-Iran peace deal are boosting the US Dollar. The US Dollar is seen as a safe-haven currency, and expectations of higher

Starmer Faces Deadline To Set Exit Date

GBP/USD volatile on leadership change uncertainty The prospect of a leadership change in Downing Street is weighing on the GBP. A possible transition of power could revive fiscal discipline concerns, given the more left-leaning policy instincts of a potential succe