Wednesday , 29 January 2025
Home Forex PBoC sets USD/CNY reference rate at 7.0949 vs. 7.0957 previous
Forex

PBoC sets USD/CNY reference rate at 7.0949 vs. 7.0957 previous

On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0949 as compared to the previous day’s fix of 7.0957 and 7.2282 Reuters estimates.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Powell clarifies inflation comment change in language, and the dollar dips

We did some 'language cleanup' in the opening statement, removal of reference...

Powell Q&A: My assessment that rates were ‘meaningfully restrictive’ hasn’t changed

I have had no contact with the PresidentPolicy is less-restrictive than when...

Powell opening statement: The economy is strong

Inflation has moved much closer to our longer-run goal, though it remains...

The initial reactions to the Fed decision: Dollar higher. Stocks lower. Yields higher.

The FOMC is a bit more hawkish with the inflation shift. More...