PBOC sets USD/CNY reference rate at 7.1223 vs. 7.0982 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1223, as compared to the previous day's fix of 7.0982 and 7.1229 Reuters estimates.

Oct 22, 2024

EUR/USD grinds closer to 1.08 in Monday fallback

EUR/USD fumbled on Monday, kicking off a new trading week with a downside push as price action waffled back into familiar 12-week lows just above the 1.0800 handle.

Australian Dollar remains tepid as US Dollar appreciates following a surge in US yields

The Australian Dollar (AUD) stayed weak against the US Dollar (USD) on Tuesday, as the AUD/USD pair struggled following a surge in US Treasury yields, which rose over 2% on Monday.