PBOC Sets USD/CNY Reference Rate at 7.1937 vs. 7.1931 Previous

PBOC sets USD/CNY reference rate at 7.1937 vs. 7.1931 previous

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1937 as compared to the previous day's fix of 7.1931 and 7.2133 Reuters estimate.

RBA Cuts Rates Again: Which Sectors Are Set to Benefit Most?

The Reserve Bank of Australia (RBA) has recently cut the official cash rate by 25 basis points, marking the latest move in its ongoing efforts to stimulate economic activity amid global uncertainties and domestic headwinds. This decision reflects the central bank’s cautious but proactive stance in navigating Australia through a challenging economic landscape. But what…

PBoC, RBA Cut Rates - Action Forex

The People’s Bank of China (PBoC) and the Reserve Bank of Australia (RBA) lowered their interest rates today, hoping to tame and counter the negative impact of the global trade war on their economies and job markets. The moves were expected and received mixed reactions across stock markets. The CSI 300 index is up by […] The post PBoC, RBA Cut Rates appeared first on Action Forex.