PBOC sets USD/CNY reference rate at 7.0925 vs. 7.0989 previous

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.0925, as against the previous day's fix of 7.0989 and 7.0927 Reuters estimates.

Sep 6, 2024

Fed’s Goolsbee: Trend of economic data justifies multiple rate cuts

Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that the longer-run trend of labor market and inflation data justify the Fed easing interest-rate policy soon and then steadily over the next year, per MarketWatch.

PBOC sets USD/CNY reference rate at 7.0925 vs. 7.0989 previous

Fed’s Goolsbee: Trend of economic data justifies multiple rate cuts

Australia Home Loans registered at 2.9% above expectations (1%) in July