PBOC sets USD/CNY reference rate at 6.7889 vs. 6.7917 previous

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7889 compared to the previous day’s fix of 6.7917 and 6.7480 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth….

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Forex Economic Calendar Overview: Key Events for the Next Trading Week (10.08.2026–16.08.2026)

2026.08.04 2026.08.05 Weekly Economic Calendar for 10.08.2026–16.08.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The outcome of the Fed’s July meeting, Chair Warsh’s cautious remarks at the press conference, and the mixed July US labor market report have left investors searching for fresh signals. Market participants are awaiting new macroeconomic data to better assess the outlook for the Federal Reserve’s monetary policy—and, consequently, the…

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Strengthening toward 6.7300 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang sees USD/CNH trading slightly higher within a developing range, with intraday levels expected between 6.7500 and 6.7620. On a 1–3 week horizon, the pair could continue to edge lower toward 6.7300 as long as 6.7640 holds as strong resistance. Medium term, a sustained recovery requires a break above the 21-week EMA near…

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Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 04.08.2026

2026.08.04 2026.08.04 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 04.08.2026 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price continues to decline in the fifth part of an impulse. Consider short positions with a Take Profit at 57,662.00….

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XRP, Coinbase & Binance – American Wrap 05 August

The Coinbase Bitcoin Premium Index extends its negative streak to 78 consecutive days on Tuesday, the longest on record. This reading comes amid the ongoing bearish trend, which has seen Bitcoin (BTC) drop by almost 50% from its record high to trade around $64,000. Ripple (XRP) declines for a second day in a row, trading around $1.07 at the time…

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