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May 6, 2025
AUD/USD trades around 0.6450 after pulling back from five-month highs
AUD/USD is retreating from a five-month high of 0.6493 reached on Monday, slipping to around 0.6450 during the Asian session on Tuesday. The decline comes as the US Dollar (USD) strengthens ahead of the Federal Reserve’s (Fed) upcoming monetary policy decision on Wednesday.
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May 6, 2025
PBOC sets USD/CNY reference rate at 7.2008 vs. 7.2014 previous
On Tuesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2008 as compared to last Wednesday's fix of 7.2014 and 7.2518 Reuters estimate.
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