PBOC Holds Rates Steady: Focus Shifts to Short-Term Guidance
PBOC Holds Rates Steady: Focus Shifts to Short-Term Guidance China’s central bank, the People’s Bank of China (PBOC), decided to keep its key policy rates unchanged, as expected, following a series of rate cuts last month. In its latest monetary policy operation, the PBOC injected 300 billion yuan (approximately $42 billion) into the financial system […]
USOUSD – 26 Aug 2024
USOUSD – 26 Aug 2024 On the daily timeframe, USOUSD shows strong potential in continuing the bullish trend after successfully reversing the direction of the trend that had experienced bearish pressure when it touched the support line last week. The commodity continues to move up gradually and currently sits at 74,985, indicating that the upward […]