Category forex

PBOC Set to Fix USD/CNY Midpoint Near 6.8072

China’s central bank will announce its daily yuan reference rate, a key policy signal for FX markets amid managed float rules. The People’s Bank of China is expected to set the USD/CNY reference rate at approximately 6.8072 in its daily fixing. The midpoint serves as a ben

Pound Sterling Holds Near Support

UK labour data shows mixed results The UK labour market reading was mixed, with Average Earnings excluding bonuses at 3.4% and Including Bonus figure at 4.1%. The Employment Change print was 148K, while the headline ILO Unemployment Rate ticked up to 5% and the Claima