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Today’s USD/CNY reference rate set by PBOC is 7.1717, lower than the expected 7.2495.

PBOC sets yuan midpoint, allows ±2% fluctuation. Injects CNY 292.5B via reverse repos. China advances rural reforms.

The People’s Bank of China established a USD/CNY central rate of 7.1717, slightly up from 7.1696.

PBOC set the USD/CNY rate at 7.1717, using monetary tools to maintain stability and support growth.

Following German election results, the euro has strengthened, pushing EUR/USD above 1.05.

The Euro rises above 1.05 as German conservatives win, boosting confidence despite expected coalition negotiations.

During the Asian session, GBP/USD rises above the mid-1.2600s, nearing Friday’s two-month high.

GBP/USD climbs on weak USD, supported by strong UK data, despite BoE outlook; further gains possible.

The USD/JPY has fallen below 149.00 as concerns over JGB yields have eased.

USD/JPY falls below 149.00 as yen strengthens amid easing concerns over Japanese Government Bond yield increases.

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