On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0982, as compared to Friday's fix of 7.1274 and 7.0990 Reuters estimates.
On Monday, the People’s Bank of China set the USD/CNY central rate for the trading session ahead at 7.0982, as compared to Friday's fix of 7.1274 and 7.0990 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 extends its recovery to near 0.6715 during the early Asian session on Monday. The modest decline of the Greenback provides some support to the pair. Investors will keep an eye on the speeches from Federal Reserve officials later on Monday, including Neel Kashkari and Jeffrey Schmid.
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