PBOC sets USD/CNY reference rate at 7.1307 vs. 7.1090 previous

On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1307, as compared to Friday's fix of 7.1090 and 7.1311 Reuters estimates.

Oct 28, 2024

China’s Finance Minister says further stimulus policies eyed to boost economy

China’s Vice Minister of Finance, Liao Min, said on Monday that China will step up countercyclical adjustments of its macropolicies to bolster economic recovery in the fourth quarter, which will lay a solid foundation for achieving the annual growth target of around 5% this year.

EUR/USD remains below 1.0800 amid rising odds of a less dovish approach from the Fed

The EUR/USD pair holds steady around 1.0790 during Monday's Asian trading hours, following losses in the previous session.