PBOC to set Yuan reference rate at 7.0947

The People's Bank of China (PBOC) is expected to set the Yuan reference rate at 7.0947 per US Dollar, having fixed the exchange rate at 7.0724 per US Dollar on Wednesday.

The USD/CNY pair closed at 7.1313 on Wednesday, representing 0.24% gains on the day.

Sep 26, 2019

USD/JPY: Bears take over in Tokyo opening hour

USD/JPY rose from just above 107.00 to 107.85 overnight but has run into supply and is down around -0.15% in the Tokyo open, reaching as low as 107.60

USD/IDR technical analysis: All eyes on short-term rising wedge amid overbought RSI

Despite marking gradual recoveries in the last two weeks, USD/IDR forms a bearish technical pattern on the chart as it trades near 14,150 during early Thursday.