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CNY to USD

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News

Forex Market: AUD/USD extends gains as RBA keeps rates intact, sticks with bond tapering plans

AUD/USD extended gains on Tuesday after the Reserve Bank of Australia surprised markets with its decision to stick with bond purchase tapering plans. At the same time, the RBA official cash rate was kept intact at a record low level of 0.10% during the bank’s policy meeting earlier on Tuesday, in line with market expectations. […]

August 3, 2021, 8:38 am in Currency News

Forex Market: AUD/USD slips in cautious trade as focus sets on Federal Reserve’s policy decision

AUD/USD was a notch weaker on Tuesday, as market players abstained from opening big positions ahead of the Federal Reserve’s monetary policy decision later this week, which could provide guidance on whether the central bank will begin tapering stimulus. According to Commonwealth Bank of Australia strategist Joe Capurso, a suggestion that tapering could begin soon […]

July 27, 2021, 8:32 am in Currency News

Forex Market: GBP/USD trades in narrow range amid subdued risk sentiment ahead of Federal Reserve meeting

GBP/USD was stuck within a tight range on Monday, as risk sentiment remained subdued amid surging new coronavirus infections and a drop in Asian shares ahead of the Federal Reserve’s two-day policy meeting this week. Against a basket of six major peers, the US Dollar was little changed on the day, but in proximity to […]

July 26, 2021, 8:51 am in Currency News

Forex Market: AUD/USD plunges to a fresh 34-week low as Delta variant hampers risk sentiment

AUD/USD, a liquid proxy for risk, traded near a fresh 34-week low on Tuesday, as rising concerns about the impact of the Delta variant on global economic recovery triggered a rush to safety, supporting the US Dollar and the Japanese Yen. “Learning to live with COVID is not being enthusiastically embraced amid the spread of […]

July 20, 2021, 9:13 am in Currency News

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