PBOC sets USD/CNY reference rate at 7.1885 vs. 7.1891 previous

On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1885 as compared to Friday's fix of 7.1891 and 7.3442 Reuters estimates.

Jan 13, 2025

GBP/USD languishes near its lowest level since November 2023, around 1.2200 mark

The GBP/USD pair enters a bearish consolidation phase at the start of a new week and languishes near its lowest level since November 2023 touched on Friday, around the 1.2200 mark during the Asian session.

China Foreign Exchange Committee pledges to support the Yuan

China Foreign Exchange Committee (CFXC) vowed to support the Chinese Yuan in a meeting held in Beijing under the guidance of the People’s Bank of China (PBOC) on Monday.