PBoC sets USD/CNY reference rate at 7.1002 vs 7.0994 previous

The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1002 as compared to the previous day's fix of 7.0994 and 7.2143 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 Australian Dollar registered minuscule gains compared to the US Dollar as traders braced for the Reserve Bank of Australia monetary policy meeting. A scarce economic docket in the United States and a bank holiday in the UK were the main drivers behind the “anemic” AUD/USD price action. The pair trades around 0.6624.

In a recent development, the TON network surpassed $200 million in total value locked on Monday after seeing a major boost through The Open League reward program.Interest rate in Australia will likely stay unchanged at 4.35%. Reserve Bank of Australia Governor Michele Bullock to keep her options open. Australian Dollar bullish case to be supported by a hawkish RBA.

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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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