PBOC sets USD/CNY reference rate at 7.1887 vs. 7.1879 previous

On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1887 as compared to the previous day's fix of 7.1879 and 7.3435 Reuters estimates.

Jan 8, 2025

USD/CAD holds positive ground above 1.4350 on bullish US Dollar, FOMC Minutes in focus

The USD/CAD pair posts modest gains near 1.4360 during the early Asian session on Wednesday.

Australian Dollar remains subdued despite a stronger monthly inflation

The Australian Dollar (AUD) remains subdued for the second consecutive session against the US Dollar (USD), with the AUD/USD pair holding losses despite stronger-than-expected monthly inflation data released on Wednesday.