Category forex

PBOC Set to Fix USD/CNY Midpoint Near 6.7605

The daily yuan reference rate will signal policy intent amid managed float and market volatility concerns. The People’s Bank of China is poised to set the USD/CNY reference rate around 6.7605, a key benchmark for the yuan’s daily trading band. The midpoint, determined befo

US Dollar Weakened By US-Iran Peace Deal

US Dollar slips to one-week low near 99.38 The US Dollar trades lower against major peers as traders reduce safe-haven positions following a US-Iran peace deal. The US Dollar Index slipped to a one-week low near 99.38, but remains supported by a hawkish Fed outlook.