PBoC sets USD/CNY reference rate at 7.1773 vs. 7.1776 previous

On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1773 as compared to the previous day's fix of 7.1776 and 7.2839 Reuters estimates.

Nov 8, 2023

AUD/USD moves downward after RBA dovish statement, trades lower around 0.6420

AUD/USD proceeds downward with the negative bias, extending the losing streak despite the Reserve Bank of Australia RBA) delivering a 25 basis points rate hike on Tuesday.

NZD/USD hangs near weekly low, 0.5900 remains in sight ahead of Fed Chair Powell’s speech

The NZD/USD pair struggles to capitalize on the overnight late rebound from the 0.5910 area, or the weekly low and remains on the defensive through the Asian session on Wednesday.