PBOC sets USD/CNY reference rate at 7.1346 vs. 7.1364 previous

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1346, as against the previous day's fix of 7.1364 and 7.2419 Reuters estimates.

Jul 31, 2024

Japan’s Top FX Diplomat Mimura: Intervention a necessary measure to counter speculation

Atsushi Mimura, Japan’s newly appointed Vice Finance Minister For International Affairs and top foreign exchange official, said in a Bloomberg interview Monday that “while the recent depreciation of the yen has both advantages and disadvantages, the demerits are becoming more noticeable.” Additional comments Intervention among the measures available to counter speculation that weighs excessively on the currency.

PBOC sets USD/CNY reference rate at 7.1346 vs. 7.1364 previous

Japan’s Top FX Diplomat Mimura: Intervention a necessary measure to counter speculation

Australia Consumer Price Index (QoQ) in line with expectations (1%) in 2Q