On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1090, as compared to the previous day's fix of 7.1286 and 7.1087 Reuters estimates.
On Friday, the People’s Bank of China set the USD/CNY central rate for the trading session ahead at 7.1090, as compared to the previous day's fix of 7.1286 and 7.1087 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.AUD/USD remains vulnerable and trades with a negative bias around the 200-day SMA on Friday. The prospects for smaller Fed rate cuts keep the US Treasury bond yields elevated. Moreover, Middle East tensions and the US political uncertainty act as a tailwind for the USD, validating the negative outlook for the currency pair.USD/JPY finds some support near the mid-151.
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