On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1182, as against the previous day's fix of 7.1136 and 7.1198 Reuters estimates.
On Wednesday, the People’s Bank of China set the USD/CNY central rate for the trading session ahead at 7.1182, as against the previous day's fix of 7.1136 and 7.1198 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 languishes near a multi-week low, around mid-0.6600s, during the Asian session on Wednesday as traders opt to wait on the sidelines ahead of the crucial US consumer inflation figures. In the meantime, the divergent Fed-RBA policy expectations assist spot prices to defend the 100-day SMA support amid subdued USD demand.
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