PBoC sets USD/CNY reference rate at 7.0994 vs 7.1063 previous

The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Monday at 7.0994 as compared to the previous day's fix of 7.1063 and 7.2127 Reuters estimates.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.

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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 extends its upside around 0.6610 during the Asian session on Monday. The downbeat US employment data for April has exerted some selling pressure on the US Dollar across the board. Investors will closely monitor the Reserve Bank of Australia interest rate decision on Tuesday.The EUR/USD trades in positive territory for the fourth consecutive day near 1.

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PBoC sets USD/CNY reference rate at 7.1025 vs 7.1028 previousThe People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1025 as compared to the previous day's of 7.1028 and 7.2404 Reuters estimates.
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