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PBoC sets USD/CNY reference rate at 7.0946 vs. 7.0943 previous
Source Fxstreet
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.0946 as compared to the previous day's fix of 7.0943 and 7.2250 Reuters estimates.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
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