PBOC sets USD/CNY reference rate at 7.1108 vs. 7.1097 previous

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The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1108, as against the previous day's fix of 7.1097 and 7.2436 Reuters estimates.

The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Thursday at 7.1108, as against the previous day's fix of 7.1097 and 7.2436 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.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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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 retraced its recent losses on Thursday. The AUD/USD pair strengthened after the Trade Balance release in Australia, which widened to 6,548 million month-over-month in May, exceeding the expected 5,500 million and April's balance of 5,024 million.The EUR/USD pair gains ground around 1.

Bitcoin hit $71,000 on Wednesday as Marathon Digital revealed it sold almost 63% of the coins it mined in May. Meanwhile, US spot Bitcoin ETFs continue to set new records.Stock indices are a sea of green on Wednesday and risk sentiment has improved markedly, as the market weighs up a plethora of bad economic news from the US and what this means for the Fed.

Source: Digital Coin News (digitalcoinnews.net)

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