PBoC sets USD/CNY reference rate at 7.1254 vs. 7.1468 Reuters estimates

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1254 – the strongest level since June 19 – as compared to 7.1468 Reuters estimates.

Nov 22, 2023

EUR/USD manages to hold above 1.0900 mark, bullish potential seems intact

The EUR/USD pair edges higher during the Asian session on Wednesday and for now, seems to have stalled the previous day's corrective pullback from the 1.0965 area, or its highest level since August 11.

GBP/USD holds steady near its highest level since September 9, just below mid-1.2500s

The GBP/USD pair trades with a positive bias for the fourth successive day on Wednesday and hovers around the 1.2535-1.2540 area during the Asian session, just below its highest level since September 9 touched the previous day.