PBOC sets USD/CNY reference rate at 7.1870 vs. 7.1848 previous

On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1870, as compared to Friday's fix of 7.1848 and 7.2627 Reuters estimates.

Dec 9, 2024

South Korea to announce measure to improve FX liquidity before end of December

South Korea's finance ministry and regulators said Monday they will make all-out efforts to stabilise financial markets by implementing previously stated contingency plans and preparing new steps to increase foreign currency market liquidity by the end of December, per Reuters.

PBOC sets USD/CNY reference rate at 7.1870 vs. 7.1848 previous

South Korea to announce measure to improve FX liquidity before end of December

China Consumer Price Index (YoY) came in at 0.2%, below expectations (0.5%) in November