PBoC sets USD/CNY reference rate at 7.1011 vs 7.1016 previous

The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Friday at 7.1011 as compared to the previous day's fix of 7.1016 and 7.2102 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 Australian Dollar rallied against the US Dollar on Thursday, printed gains of more than 0.60%, due to the Greenback remained offered following a softer than expected US jobs report. The AUD/USD trades back above the 0.6600 threshold as Friday’s Asian session begins.USD/JPY trades on a stronger note around 155.50 on Friday during the Asian trading hours.

The Dow Jones Industrial Average found further gains on Thursday as investors bet on Fed rate cuts to come after US Initial Jobless Claims rose to a multi-month high.

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