The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.0974 as compared to the previous day's fix of 7.0930 and 7.1875 Reuters estimates.
The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Thursday at 7.0974 as compared to the previous day's fix of 7.0930 and 7.1875 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 AUD/USD continues to advance for the second consecutive day on Thursday. The AUD/USD strengthens due to expectations of the Federal Reserve initiating interest rate cuts in June, while the Reserve Bank of Australia continues to suggest it may need to raise rates even further.The Japanese Yen draws some support from bets for an eventual BoJ policy pivot.
Bitcoin price is making slow but steady steps north, closing in on the $80,000 target weeks ahead of the halving. As tailwinds come from new capital inflow into the BTC spot ETFs markets, it remains anybody's guess where the pioneer cryptocurrency will top out once the bull market catches steam.
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