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ForexLive Asia-Pacific FX news wrap: The PBOC cut rates by much less than expected

ForexLive Asia-Pacific FX news wrap: The PBOC cut rates by much less than expected
Chinese property firm Country Garden set to be removed from Hong Kong’s Hang Seng IndexAUD/USD at risk of dropping under 0.60 (unless China stimulates, big time)UBS see limited catalysts that could outweigh the USD/JPY carry tradeAUD and NZD marked lower after the People's Bank of China rate cut is less than expectedPeople's Bank of China sets USD/ CNY reference rate today at 7.1987 (vs. estimate 7.2893)PBOC Loan Prime Rates (LPR) CUT: 1-year 3.45% (prior 3.55%) & 5 year 4.2% (prior 4.20%)Brent:... Read More
Posted: Aug 21 2023, 02:53
Author Name: forexlive
Views: 102081

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