PBOC sets USD/CNY reference rate at 6.8854 vs. 6.8929 previous

PBOC sets USD/CNY reference rate at 6.8854 vs. 6.8929 previous

On Tuesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8854 compared to last Friday’s fix of 6.8929 and 6.8773 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and […]

USD/JPY steady near 160.00 as weak ISM data offsets geopolitical bid

USD/JPY steady near 160.00 as weak ISM data offsets geopolitical bid

USD/JPY traded flat on Monday, edging up less than 0.1% to settle around 159.60 in a quiet session ahead of the US data release. The pair has been consolidating in a roughly 150-pip band between 158.50 and 160.00 since early April, with the week’s high near 160.30 capping upside attempts and buyers stepping in on […]

Rejected at 0.8000 as double top looms

Rejected at 0.8000 as double top looms

USD/CHF failed to clear key resistance at 0.8000 on Monday, recoiling to the 0.7900 handle as a double-top chart pattern looms. At the time of writing, the pair trades at 0.7979, down 0.18%. USD/CHF Price Forecast: Technical Outlook The technical picture shows that USD/CHF has enjoyed a steady recovery since bottoming at the yearly low […]