PBOC sets USD/CNY reference rate at 7.1765 vs. 7.1886 previous

On Wednesday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.1765, compared with Tuesday’s fix of 7.1886 and market expectations of 7.1935.

The PBOC said that it fixed the 7-day reverse repo rate at 1.90% vs 1.90% previously.

The Chinese central bank Injected CNY2 bln via 7-day reverse repos.

Jul 12, 2023

AUD/USD breaks through 200-day SMA barrier near 0.6700, spikes to over two-week high

The AUD/USD pair gains some positive traction for the second successive day on Wednesday and spikes to over a two-week peak, around the 0.6715-0.6720

Australian Treasurer Chalmers: Expect a sharp slowdown for the Australian economy

Australian Treasurer Jim Chalmers said on Wednesday, “expect a sharp slowdown for the Australian economy.” Additional quotes “The global economy in a