PBoC: Further rate cuts are not ruled out – UOB

Economist Ho Woei Chen, CFA, at UOB Group, reviewed the latest interest rate cut by the PBoC. Key Quotes “The People’s Bank of China (PBoC) cut its 1Y
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US Dollar Index Price Analysis: Interim hurdle aligns at 100.49

DXY has managed to briefly test the psychological 100.00 mark earlier in the session, coming under selling pressure soon afterwards. Furthermore, the
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