PBoC sets USD/CNY reference rate at 7.1025 vs 7.1028 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 7.1025 as compared to the previous day's of 7.1028 and 7.2404 Reuters estimates.

The People’s Bank of China 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.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.AUD/USD kept the negative stance well in place and briefly broke below the key 0.6400 support to clinch a new low for the year on the back of the strong dollar and mixed results from the Chinese docket.EUR/USD extends its downside near 1.0620, bouncing off the Year-To-Date low of 1.0600 during the early Asian session on Wednesday.

 

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