PBoC sets USD/CNY reference rate at 7.1057 vs. 7.1080 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1057 as compared to previous day's fix of 7.1080 and 7.1945 Reuters estimates.

Feb 27, 2024

USD/CAD oscillates in a narrow band above 1.3500, eyes on US, Canadian GDP data

The USD/CAD pair oscillates in a narrow trading band of 1.3495–1.3515 during the early Asian session on Tuesday.

Fed's Schmid: Not out of high inflation, no need to preemptively cut rates

Kansas City Federal Reserve (Fed) Bank President Jeffrey Schmid said on Monday that the US central bank is in no rush to cut interest rates.