PBoC sets USD/CNY reference rate at 7.0985 vs. 7.0943 previous

On Tuesday, the People’s Bank of China set the USD/CNY central rate for the trading session ahead at 7.0985 as compared to the previous day's fix of 7.0943 and 7.2056 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.USD/JPY is rising toward 149.50 in the Asian session on Tuesday, picking up fresh bids. Traders keenly await the highly-anticipated Bank of Japan policy decision. The BoJ's outlook on the negative interest rate policy and the Yield Curve Control will play a key role in influencing the Japanese Yen. AUD/USD is grinding lower to test the 0.

The Reserve Bank of Australia is widely expected to hold the Official Cash Rate steady at a 12-year high of 4.35% following the conclusion of its March monetary policy meeting on Tuesday. The decision will be announced at 03:30 GMT.

Source: Digital Coin News (digitalcoinnews.net)

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