PBoC sets USD/CNY reference rate at 7.1002 vs. 7.1016 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1002 as compared to the previous day's fix of 7.1016 and 7.1898 Reuters estimates.

Mar 7, 2024

Australia Trade Surplus widens to 11,027M MoM in February vs. 10,510M expected

Australia’s trade surplus widened to 11,027M MoM in February versus 11,500M expected and 10,959M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday.

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Mar 7, 2024

Australian Dollar expands gains as US Dollar stems weakness after Fed Powell’s testimony

The Australian Dollar (AUD) continues to advance for a second consecutive session on Thursday, largely driven by weakness in the US dollar (USD).

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