The People's Bank of China finally lowered the reserve requirement ratio ,the required minimum capital banks must hold in reserve, by 50 basis points , effective from Friday. The Chinese central bank also cut the seven-day repo rate to 1.5% from 1.7%.
74% -0.79% -0.67% -0.53% -0.70% CAD -0.21% -0.04% 0.05% 0.79% 0.08% 0.26% 0.06% AUD -0.30% -0.17% -0.06% 0.67% -0.08% 0.16% -0.04% NZD -0.45% -0.30% -0.22% 0.53% -0.26% -0.16% -0.19% CHF -0.25% -0.13% -0.02% 0.70% -0.06% 0.04% 0.19% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: Market attention shifts to August inflation data from USHere is what you need to know on Wednesday, September 11: The US Dollar (USD) stays under selling pressure early Wednesday as markets gear up for key inflation data.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Forex Today: Choppy market action continues as markets await next catalystHere is what you need to know on Wednesday, August 28: After edging lower and touching its weakest level in over a year near 100.50, the US Dollar (USD) Index stages a rebound toward 101.00 in the European session on Wednesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Forex Today: BoC policy announcements, mid-tier US data to grab market attentionHere is what you need to know on Wednesday, September 4: Major currency pairs continue to trade within familiar ranges early Wednesday as markets await the next catalyst.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Forex Today: All the attention goes to the US labour marketThe Greenback succumbed to expectations of a potential 50 bps rate cut by the Fed later this month after data signalled further cooling in the US labour market, all prior to crucial metrics later in the week.
Source: FXStreetNews - 🏆 14. / 72 Read more »