PBoC sets USD/CNY reference rate at 7.1046 vs 7.1020 previous

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The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1046 as compared to the previous day's of 7.1020.

The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Friday at 7.1046 as compared to the previous day's of 7.1020.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.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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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 is on the defensive against the US Dollar, as Friday’s Asian session commences. On Thursday, the antipodean clocked losses of 0.21% against its counterpart, driven by Fed officials emphasizing they’re in no rush to ease policy. The AUD/USD trades around 0.6419.The EUR/USD extends its downside around 1.0640 after retreating from weekly peaks of 1.

 

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PBoC sets USD/CNY reference rate at 7.0950 vs. 7.0948 previousOn Friday, the People’s Bank of China (PBoC) 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.
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