The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1101, as against the previous day's fix of 7.1091 and 7.2403 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 is clinging to recovery gains above 0.6650 even after Australian Retail Sales data missed estimates with 0.1% MoM in April. The pair draws support from broad US Dollar softness and China's property market measures. Focus shifts to Fedspeak. USD/JPY is treading water ahead of Tuesday’s Pacific market session, holding ground just below the 157.
Ethereum gained nearly 3% on Monday as investors exhibited high bullish sentiment. Michael Saylor also commented on the recent spot ETH ETF approval by the Securities & Exchange Commission.This week is set to be a relatively quiet week. On Tuesday, US consumer confidence figures will be released. Given the context of hawkish FOMC minutes, a stronger consumer confidence report could reinforce dollar strength.
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