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GBP/USD slipped below 1.32, down 0.08% on the day.
2026-10-08
GBP/USD slipped below 1.32, down 0.08% on the day.
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2026-10-08
Kuwait July CPI rose 2.19% YoY and 0.21% MoM.
Kuwait July CPI rose 2.19% YoY and 0.21% MoM.
2026-10-08
PBOC says China operates a market-based, managed floating exchange-rate regime guided by a basket of currencies. The regime lets market forces play the decisive role in rate formation while prioritizing prevention of large short-term swings—particula
PBOC says China operates a market-based, managed floating exchange-rate regime guided by a basket of currencies. The regime lets market forces play the decisive role in rate formation while prioritizing prevention of large short-term swings—particularly rapid depreciation that could threaten financial stability. In specific scenarios, such as a sudden pandemic outbreak or major external shocks (for example a tariff war in April 2025), the PBOC may deploy macroprudential tools and expectation management and, in extreme cases, conduct direct foreign-exchange intervention to correct herd behavior and self-reinforcing irrational depreciation expectations and prevent destructive short-term overshooting. The PBOC also said it will continue to enhance exchange-rate policy transparency.
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