Wednesday, 20 April 2022

USD/CNH Surges Despite US Dollar Weakness as Fed Pressures PBOC

The Chinese Yuan continued to weaken overnight as China's yield advantage evaporates versus the US as an aggressive Fed path pressures the PBOC. APAC traders are digesting New Zealand inflation dat...

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...