PBoC sets USD/CNY reference rate at 7.1055 vs. 7.1010 previous

The People’s Bank of China (PBoC) sets the USD/CNY central rate for the trading session ahead on Wednesday at 7.1055 as compared to the previous day's fix of 7.1010 and 7.1618 Reuters estimates.

Jan 10, 2024

Senior PBoC official hints at further easing to come

Zou Lan, head of the People’s Bank of China’s (PBOC) monetary policy department, in an interview with state media outlet Xinhua News Agency on Tuesday, hinted a further policy easing by the central bank.

Australian Dollar hovers below a psychological level amid softer Aussie CPI

The Australian Dollar (AUD) retraces its recent losses despite a softer-than-expected Aussie consumer inflation data released on Wednesday.