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USD/CNH marches to fresh high since November 2022 on PBOC rate cut, US inflation eyed

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USD/CNH marches to fresh high since November 2022 on PBOC rate cut, US inflation eyed – by anilpanchal7 USDCNY PBOC Fed Inflation RiskAversion

USD/CNH takes the bids to prod the highest levels since late November 2022, up for the third consecutive day.Mixed mood, pre-data consolidation challenge US Dollar traders as US CPI, Fed loom.

With the rate cut from the PBoC confirming the previous fears suggesting slower economic growth in the world’s biggest industrial player, Bloomberg said, “China’s central bank cut a short-term policy interest rate, easing its monetary stance to help aid the economy’s recovery.”

 

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