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PBOC sets USD/CNY reference rate at 6.8054 vs. 6.8066 previous

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8054 compared to the previous day’s fix of 6.8066 and 6.7838 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. China’s central bank also aims to implement financial reforms, such as opening and developing the financial…

Business

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Trump eyes Australia superannuation model for US retirement savings

President Donald Trump’s ongoing reforms to the American retirement system are getting inspiration from Down Under. The Trump administration is working on an Australia-style retirement savings plan for American workers, suggesting the model could put people in “much better shape” by retirement age, the president said Monday.”I made reference today…

Markets

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Investing

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