Monetary Policy

White House will start interviewing candidates to succeed Fed Chair Jerome Powell this fall
White House eyes Fed chair candidates as Powell term nears end


Powell led the Fed’s fight against inflation. It’s not over yet – and it could get even harder | CNN Business
Powell faces new economic tests as Trump threatens tariffs, challenges Fed's independence


PBOC sets USD/ CNY mid-point today at 7.1880 (vs. estimate at 7.2838)
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 7.2840- PBOC injects 387bn yuan via 7-day RR, sets rate at 1.5%66bn yuan mature today309bn yuan net injection This article was written by Eamonn Sheridan at www.forexlive.com.

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