PBoC sets USD/CNY reference rate at 7.1151 vs. 7.1212 previous

On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1151 as compared to the previous day's fix of 7.1212 and 7.1440 Reuters estimates.

Th PBiC injects 664 billion Yuan via 7-day RR, setting the rate at an unchanged 1.8%.
352 billion Yuan of RRs mature today, resulting in a net 312 billion Yuan injection in Open Market Operations (OMOs).

Nov 24, 2023

Australian Dollar moves on an upward trajectory toward a three-month high

The Australian Dollar (AUD) is on the rise for the second consecutive day on Friday.

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Nov 24, 2023

Japanese Yen flirts with weekly low against the US Dollar on softer Japan core CPI

The Japanese Yen (JPY) weakens a bit during the Asian session on Friday following the release of softer domestic core consumer inflation figures, though rising bets for a Bank of Japan (BoJ) pivot help limit deeper losses.

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