PBoC sets USD/CNY reference rate at 7.0950 vs. 7.0948 previous

On Friday, the People’s Bank of China set the USD/CNY central rate for the trading session ahead at 7.0950 as compared to the previous day's fix of 7.0948 and 7.2259 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 USD/JPY pair holds positive ground for the second consecutive day near 151.45 on Friday during the early Asian trading hours. The cautious approach from the Bank of Japan to keep monetary conditions accommodative exerts some selling pressure on the Japanese Yen.The Australian Dollar managed to recover ground against its American rival after AUD/USD fell to 0.6484.

Bitcoin is showing strength as markets head into the Easter holidays. As it rises, altcoins are following suit, with Ethereum and Ripple posting almost similar gains. Meanwhile, there remains an unfilled CME Gap, with a lot of liquidity also resting above and below BTC price.

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PBoC sets USD/CNY reference rate at 7.0969 vs. 7.0978 on FridayOn Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0969 as compared to Friday's fix of 7.0978 and 7.1869 Reuters estimates.
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PBoC sets USD/CNY reference rate at 7.0974 vs. 7.0930 previousThe People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.0974 as compared to the previous day's fix of 7.0930 and 7.1875 Reuters estimates.
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PBoC sets USD/CNY reference rate at 7.0943 vs. 7.0975 on FridayThe People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Monday at 7.0943 as compared to Friday's fix of 7.0975 and 7.1995 Reuters estimates.
Source: FXStreetNews - 🏆 14. / 72 Read more »

PBoC sets USD/CNY reference rate at 7.0985 vs. 7.0943 previousOn Tuesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0985 as compared to the previous day's fix of 7.0943 and 7.2056 Reuters estimates.
Source: FXStreetNews - 🏆 14. / 72 Read more »

PBoC sets USD/CNY reference rate at 7.0968 vs. 7.0985 previousThe People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.0968 as compared to the previous day's fix of 7.0985 and 7.1967 Reuters estimates.
Source: FXStreetNews - 🏆 14. / 72 Read more »

PBoC sets USD/CNY reference rate at 7.0942 vs. 7.0968 previousOn Thursday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0942 as compared to the previous day's fix of 7.0968 and 7.1793 Reuters estimates.
Source: FXStreetNews - 🏆 14. / 72 Read more »