USD/CNH is trading in a multi-day 7.2450-7.2215 range – BBH
Source Fxstreet
USD/CNH is up near the top-end of a multi-day 7.2450-7.2215 range, BBH FX analysts report.
PBOC has limited room to slash interest rates
"As was widely expected, China commercial banks kept the 1- and 5-year Loan Prime Rates (LPR) unchanged at 3.10% and 3.60%, respectively. The PBoC will set its 1-year MLF rate next week and is expected to keep it steady at 2.0%. The PBOC has limited room to slash interest rates because Chinese banks’ net interest margins have fallen to record lows."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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AUD/USD holds ground near 0.6700 due to cautious RBA toneAUD/USD moves little after two days of gains, hovering around 0.6700 during the Asian hours on Friday. The pair steadies as the Australian Dollar (AUD) receives support amid cautious sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.
AUD/USD moves little after two days of gains, hovering around 0.6700 during the Asian hours on Friday. The pair steadies as the Australian Dollar (AUD) receives support amid cautious sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.
