PBOC sets USD/CNY reference rate at 7.1196 vs. 7.1192 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1196, as against the previous day's fix of 7.1192 and 7.2698 Reuters estimates.

Jun 21, 2024

Japan’s Suzuki: Excessive and disorderly FX moves could hurt economies

Japanese Finance Minister Shunichi Suzuki said on Friday that he will work with colleagues to mitigate damage to economies from foreign exchange (FX) fluctuations, adding excessive and disorderly FX moves could hurt economies Key quotes To visit Seoul on June 25 to meet with South Korean counterpart.

Gold price stands tall near two-week high amid rising Fed rate cut bets

Gold price (XAU/USD) oscillates in a range during the Asian session on Friday and consolidates the previous day's strong move up to a two-week high, around the $2,360-2,365 area.