PBoC sets USD/CNY reference rate at 7.1068 vs. 7.1032 previous

On Tuesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1068 as compared to Monday's fix of 7.1032 and 7.2080 Reuters estimates.

Feb 20, 2024

PBOC cuts 25 bps to the 5-year Loan Prime Rate to 3.95%

The People's Bank of China announced on Tuesday that it maintained the one-year Loan Prime Rate (LPR) unchanged and cut the five-year LPR by 25 basis points (bps) from 4.20% to 3.95%.

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Feb 20, 2024

Australian Dollar avoids reacting to RBA minutes amid a stronger US Dollar

The Australian Dollar (AUD) snaps a four-day winning streak on Tuesday amid an improved US Dollar (USD).

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