PBOC sets USD/CNY reference rate at 7.1245 vs. 7.1223 previous

On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1245, as compared to the previous day's fix of 7.1223 and 7.1262 Reuters estimates.

Oct 23, 2024

Fed’s Daly: The economy is clearly in a better place

Federal Reserve Bank of San Francisco President Mary Daly, in a post on social media platform X, said that the economy is clearly in a better place, inflation has fallen substantially and the labor market has returned to a more sustainable path.

Australian Dollar depreciates as growing odds of “Trump winning” increase risk aversion

The Australian Dollar (AUD) retraces its recent gains on Wednesday.