Category forex

PBOC Set to Fix USD/CNY Midpoint Near 6.7809

China’s central bank will announce its daily yuan reference rate, influencing onshore trading within a 2% band around the midpoint. The People’s Bank of China is expected to set the USD/CNY reference rate at approximately 6.7809, a key benchmark for the yuan’s daily tradin

Euro Slides Ahead Of ECB Rate Decision

EUR/USD falls to 1.1530 on Middle East uncertainty The EUR/USD pair has lost traction to around 1.1530 during early Asian trading hours, pressured by uncertainty in the Middle East. The European Central Bank (ECB) interest rate decision will be in the spotlight on

Pound Sterling Faces Challenges

GBP/USD falls below 200-day moving average The British Pound Sterling is facing challenges due to the US repricing faster in the other direction. The US Nonfarm Payrolls report showed 172K jobs, exceeding the consensus near 85K. This has led to a market now prici