PBOC sets USD/CNY reference rate at 7.1077 vs. 7.1069 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 7.1077, as against the previous day's fix of 7.1069 and 7.2376 Reuters estimates.

The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1077, as against the previous day's fix of 7.1069 and 7.2376 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 NZD/USD pair rebounded after two days of losses, trading around 0.6140 during Asian hours on Wednesday following the Reserve Bank of New Zealand's interest rate decision. The central bank maintained its Official Cash Rate at 5.5% for the seventh consecutive meeting.

 

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