Tag: Central bank interventions
PBOC Sets USD/CNY Reference Rate at 7.1364: Analysis and Implications
The People's Bank of China (PBOC) has set the USD/CNY central rate for the upcoming trading session at 7.1364, slightly higher than the previous day's fix of 7.1316. This decision comes amidst ongoing trade...
Predicting the Long-Term Dollar Decline: A Comprehensive Analysis
The recent decline in the dollar index has raised concerns about the long-term outlook for the US currency. Despite initial optimism surrounding Trump's economic policies, including tariffs and tax cuts, the dollar has been...