PBoC sets USD/CNY reference rate at 7.1176 vs. 7.1149 previous

On Thursday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1176 as compared to the previous day's fix of 7.1149 and 7.1623 Reuters estimates.

Dec 7, 2023

EUR/USD posts modest gains around 1.0770 ahead of Eurozone GDP, US Jobless Claims

EUR/USD attracts some buyers amid the risk-on mood. ADP private payrolls came in worse than expected, rising 103K in November vs.

BOJ’s Ueda: Accommodative financial conditions, stimulus are supporting Japan's economy

The Bank of Japan (BoJ) Governor Ueda said on Thursday that accommodative monetary policy and the effects of economic stimulus measures are supporting the Japanese economy, per Reuters.