The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Monday at 7.1201, as against the previous day's fix of 7.1196 and 7.2647 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 pair trades in negative territory for the third consecutive day around 0.6640 during the early Asian session on Monday. The downtick of the pair is backed by the stronger US Dollar after the optimistic US S&P Purchasing Managers Index data for June.EUR/USD hangs near its lowest level since early May, seems vulnerable below 1.
EUR/USD struggles to attract any meaningful buyers and is undermined by a combination of factors. Political uncertainty in Europe, along with Friday’s dismal Eurozone PMIs, seems to weigh on the Euro. The Fed’s relatively hawkish stance lifts the USD to a multi-week top and further acts as a headwind.Gold price edges lower to $2,320 after retreating from two-week highs around $2,368 during the early Asian session on Monday.
Source: Digital Coin News (digitalcoinnews.net)
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