PBOC sets USD/CNY reference rate at 7.1225 vs. 7.1201 previous

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The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1225, as against the previous day's fix of 7.1201 and 7.2587 Reuters estimates.

The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1225, as against the previous day's fix of 7.1201 and 7.2587 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.Monday's session noted a recovery in the Australian Dollar and the AUD/USD found support at the 0.6640 threshold, where the 20-day Simple Moving Average converges. The highlight will be Australian inflation data eyed to shape ensuing RBA decisions.EUR/USD drifted up in a mild recovery from last Friday’s dip into 1.0670.

Source: Digital Coin News (digitalcoinnews.net)

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