PBOC sets USD/CNY reference rate at 7.0101 vs. 7.0354 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Friday at 7.0101, as compared to the previous day's fix of 7.0354 and 7.0093 Reuters estimates.

Sep 27, 2024

Australian Treasurer Chalmers: China stimulus is a “really welcome development”

Australia Treasurer Jim Chalmers said on Friday that China's economic slowdown is a crucial factor in weaker growth globally, adding that he sees China's fresh stimulus as a "really welcome development.

USD/INR recovers ahead of US PCE data

The Indian Rupee (INR) loses momentum on Friday amid the renewed US Dollar (USD) demand from importers related to month-end payments and the likely unwinding of long positions.