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5 Jan 2023

PBOC: Will ramp up financial support to shore up economic recovery in 2023

“China will implement its prudent monetary policy in a targeted and efficient manner, and will ramp up financial support to domestic supply and demand, in a bid to shore up economic recovery in 2023, “ the latest statement released after a work meeting for the coming year showed on Wednesday.

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On top of maintaining sufficient liquidity through a combination of multiple policy tools, the People's Bank of China said it will work to reduce financing costs for market entities and help expand consumption.

Will keep yuan exchange rate stable.

Jan 5, 2023

PBOC sets USD/CNY reference rate at 6.8926 vs. 6.9131 previous

On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate at 6.8926 versus Wednesday’s fix of 6.9131 and market expectations of 6.89
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Jan 5, 2023

AUD/USD Price Analysis: Needs to set a platform for a breakout above 0.6900

The AUD/USD pair has displayed a gradual decline and has slipped to near 0.6820 in the Tokyo session after facing barricades around 0.6890. The Aussie
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