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The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.0946 as compared to the previous day's fix of 7.0943 and 7.2250 Reuters estimates.
Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said on Wednesday, he is “closely watching FX moves.” Additional comments Rapid FX moves undesirable.
Here is what you need to know on Wednesday, March 27: The Japanese Yen (JPY) continued to weaken against the US Dollar (USD), with USD/JPY reaching its highest level since 1990 near 152.00 early Wednesday.
The US Dollar Index (DXY) is currently trading with mild gains at 104.3, a level close to Friday's peak of 104.50.
The slight upward pressure on the US Dollar (USD) prompted a similarly tepid retreat in AUD/USD on Wednesday, holding the pair around 0.6530 and adding to Tuesday’s pullback.