On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0949 as compared to the previous day's fix of 7.0957 and 7.2282 Reuters estimates.
On Wednesday, the People’s Bank of China set the USD/CNY central rate for the trading session ahead at 7.0949 as compared to the previous day's fix of 7.0957 and 7.2282 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 meets with some supply during the Asian session on Wednesday and erodes a part of the previous day's recovery gains from a nearly one-month low. A generally weaker tone around the equity markets is seen undermining the Aussie, though subdued US Dollar assists the pair in holding steady above the 0.6500 psychological mark.
EUR/USD clings to mild losses near 1.0765 after bouncing off the multi-week lows near 1.0720 on Wednesday. The weaker US Dollar Index below the 105.00 mark provided some support to the major pair. However, the softer German inflation data on Tuesday weighs on the Euro.Gold price rallies to new all-time highs of $2,276 late in the North American session amid geopolitical risks and despite higher US Treasury yields.
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