The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1782 as compared to the previous day's fix
of 7.1784 and 7.3109 Reuters estimate.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.The AUD/USD pair builds on the previous day's recovery move from a fresh YTD low and gains positive traction for the second successive day on Friday. Spot prices stick to modest intraday gains after PPI data. The data reaffirmed the bets that the RBA could hike interest rates again in November.The USD/JPY is trading into 150.
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PBoC sets USD/CNY reference rate at 7.1784 vs. 7.1785 previousOn Thursday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1784, as compared to the previous day's
Read more »
PBoC is likely to target stability rather than a weaker CNYUSD/CNY is holding steady around the 7.30 level and has been range bound between 7.24-7.36 for the past two months. Economists at Commerzbank analyze
Read more »