PBOC SETS USD/CNY REFERENCE RATE SIGNIFICANTLY BELOW ESTIMATE

Tina Collins

10 Jan 2025

The People's Bank of China sets today's USD/CNY reference rate at 7.1891, much lower than the estimated 7.3138.

The PBOC uses a managed floating exchange rate system, allowing the yuan to fluctuate within a 2% band around the central rate.

The PBOC adjusts the daily midpoint, impacting the yuan's value for the trading session ahead.

BITCOIN PRICE STALLS AT $100.6K AS TRUMP-LINKED TOKENS GAIN POPULARITY

BITCOIN PRICE STALLS AT $100.6K AS TRUMP-LINKED TOKENS GAIN POPULARITY Bitcoin price stalled at $100,600 on Wednesday, with a 3% daily gain. Demand for Bitcoin has slowed as traders focus on Trump-related tokens and lending protocols. Bitcoin on-chain transactions dropped by 37% in the last three days. The

GOLD POISED FOR THIRD WEEKLY GAIN ON FEDERAL RESERVE RATE CUT BETS

GOLD POISED FOR THIRD WEEKLY GAIN ON FEDERAL RESERVE RATE CUT BETS Gold remained near a five-week high on Friday. It is on track for its third consecutive weekly gain. U.S. inflation data increased expectations that the Federal Reserve might cut interest rates this year.

Surprise Fed Statements: March Could See Interest Rate Cut

Federal Reserve Governor Christopher Waller spoke about potential interest rate cuts in 2025. He said December's inflation data was promising, and if trends continue, a rate cut could happen in the first half of the year. A rate cut in March is possible if inflation keeps dropping. Waller

LITECOIN PRICE PREDICTION: LTC WHALES DEMAND SURGES

LITECOIN PRICE PREDICTION: LTC WHALES DEMAND SURGES Litecoin (LTC) price is trading above $102, up 10% from Monday’s low of $92.5. Whale transactions on Litecoin network surged by 42%, reaching 3,870 on Monday. Litecoin may face a consolidation phase due to declining market volumes. On-chain data shows

Read more

BITCOIN PRICE STALLS AT $100.6K AS TRUMP-LINKED TOKENS GAIN POPULARITY

GOLD POISED FOR THIRD WEEKLY GAIN ON FEDERAL RESERVE RATE CUT BETS

Surprise Fed Statements: March Could See Interest Rate Cut

LITECOIN PRICE PREDICTION: LTC WHALES DEMAND SURGES