PBOC sets USD/CNY reference rate at 7.1203 vs. 7.1135 previous

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PBOC sets USD/CNY reference rate at 7.1203 vs. 7.1135 previous
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The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Monday at 7.1203, as compared to the previous day's fix of 7.1135 and 7.1208 Reuters estimates.

The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Monday at 7.1203, as compared to the previous day's fix of 7.1135 and 7.1208 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 gains momentum to near 0.6595 during the early Asian session on Monday. The uptick of the pair is bolstered by the softer US Dollar after the weaker-than-expected US October Nonfarm Payrolls data. However, the uncertainty surrounding the US presidential election might boost the safe-haven flows and weigh on riskier assets like the Australian Dollar.

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