PBoC sets USD/CNY reference rate at 7.1063 vs 7.1066 previous

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The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1063 as compared to the previous day's fix of 7.1066 and 7.2459 Reuters estimates.

The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1063Information 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 Aussie Dollar registered solid gains against the US Dollar on Monday, edged up by 0.55% on an improvement in risk appetite, while the Greenback was crushed by Japanese authorities' intervention. As Tuesday’s Asian session begins, the AUD/USD trades at 0.6564.EUR/USD jostled on Monday, settling near 1.

Bitcoin price has recorded lower highs over the past seven days, with a similar outlook witnessed among altcoins. Meanwhile, while altcoins display a rather disturbing outlook amid a broader market bleed, there could be some relief soon as fundamentals show.Attention this week is fixated on the Federal Reserve's policy announcement scheduled for Wednesday.

 

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