The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1085 compared to the previous day's fix of 7.1013 and 7.113 Reuters estimate.
The British Pound advances modestly 0.15% on Wednesday as traders await the outcome of the Federal Reserve’s (Fed) monetary policy decision. Nevertheless, Sterling climbs as inflation data in the UK, justifies the Bank of England’s (BoE) stance of holding rates on Thursday.
The Canadian Dollar (CAD) is soft, down a marginal 0.1% vs. the USD into Wednesday’s dual BoC/Fed rate decisions, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.