PBOC Sets USD/CNY Reference Rate at 7.1192 Vs. 7.1159 Previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1192, as against the previous day's fix of 7.1159 and 7.2653 Reuters estimates.

FXStreet21:24 ET

Dollar Index to Trade in Range – OCBC

USD traded modestly softer as US retail sales disappointed. Fed speakers are hesitant to define the date for the next rate cut, OCBC FX Strategist Christopher Wong notes.

FXStreetJun 19 11:51 ET

PBOC Sets USD/CNY Reference Rate at 7.1159 Vs. 7.1148 Previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1159, as against the previous day's fix of 7.1148 and 7.2482 Reuters estimates.

FXStreetJun 18 21:18 ET

Federal Reserve officials emphasize the need for more evidence of cooling inflation and remain cautious about the timing of a rate cut.

Zhixun Finance and Economics app learned that on Tuesday, Federal Reserve officials unanimously emphasized the need for more evidence of inflation cooling before interest rate cuts. Several officials also provided insight into the timing of interest rate cuts. Adriana Kugler, a member of the Federal Reserve Board of Directors, said that if the economic situation develops as she expects, it may be appropriate for the Federal Reserve to cut interest rates "later this year." Alberto Musalem, President of the St. Louis Federal Reserve, stated in his first important policy speech that it may take "several quarters" of economic data to support a rate cut. New York Federal Reserve President Williams (Joh

Zhitong FinanceJun 18 19:50 ET

Expected to increase by 27%: the Congressional Budget Office estimates that the US government's budget deficit will be nearly $2 trillion this year.

The Congressional Budget Office (CBO) estimates that within the decade leading up to 2034, the annual deficit will be equal to or exceed 5.5% of GDP, the first time it has remained at a high ratio for over five years since 1930. The CBO expects the Federal Reserve's interest rate cut to be postponed from mid-year to the first quarter of next year.

wallstreetcnJun 18 18:54 ET

Fed Members Cool On Raising Interest Rates: 'These Conditions Could Take Months, And More Likely Quarters To Play Out'

Members of the Federal Reserve have indicated that they are in no rush to raise interest rates in speeches given on Tuesday.

BenzingaJun 18 18:10 ET