Yen Sold to New 40-Year Lows, while PBOC Sets Dollar's Reference Rate at a 3-Year Low
Marc Chandler
July 23, 2026
The foreign exchange market is quiet, and the US dollar is trading with a firmer bias. The widening Middle East war has lifted September WTI to $90 and October Brent to $93. Interest rates are firm and 10-year benchmark rates in a few European countries, and the United States are at new highs for the year. These developments overshadow today’s ECB…
Yen Sold to New 40-Year Lows, while PBOC Sets Dollar's Reference Rate at a 3-Year Low
Reviewed by Marc Chandler
on
July 23, 2026
Rating:
Reviewed by Marc Chandler
on
July 23, 2026
Rating:
