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26 Oct 2022

USD/CNY drops below 7.30 afte PBOC intervenes in FX market

The Chinese yuan was once again rescued by the People’s Bank of China (PBOC) after Reuters reported, citing sources, major Chinese state-owned banks sold US dollars in both onshore and offshore markets in late trade on Tuesday.

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Oct 26, 2022

WTI rebounds from $84.00 ahead of EIA data, central banks’ policies remain key

West Texas Intermediate (WTI), futures on NYMEX, have rebounded after dropping to near $84.00 in the Tokyo session. The oil prices corrected in the la
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Oct 26, 2022

GBP/USD remains pressured around 1.1450 as US dollar recovers

GBP/USD is consolidating the latest pullback from six-week highs of 1.1499, as the US dollar finds fresh demand amid a cautious market mood. The safe-
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