PBoC sets USD/CNY reference rate at 7.1053 vs 7.1030 previous

The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1053 as compared to the previous day's fix of 7.1030 and 7.2307 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.Further weakness in the US Dollar prompted AUD/USD and the rest of the risk-associated space to regain some balance and surpass once again the key barrier at 0.6600 the figure.EUR/USD finds thin gains on Monday, but technicals weigh heavy ahead of US inflation updates

EUR/USD found slim upside on Monday, climbing from early bids near 1.0770 but bullish momentum remains limited with the pair struggling to break above the 1.0800 level.Gold prices retreated sharply on Monday from near $2,350 even though US Treasury yields declined, undermining appetite for the Greenback. Traders brace for a busy economic docket in the United States. The XAU/USD trades around $2,336, down 1% amid a risk-on impulse.

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PBoC sets USD/CNY reference rate at 7.1059 vs 7.1043 previousThe People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1059 as compared to the previous day's fix of 7.1043 and 7.2437 Reuters estimates.
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