The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1307, as against the previous day's fix of 7.1325 and 7.1303 Reuters estimates.
The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1307, as against the previous day's fix of 7.1325 and 7.1303 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 consolidates its recent strong gains to over a one-month top as traders opt to wait for the release of the July FOMC meeting minutes, due later this Wednesday. In the meantime, bets for an imminent start of the Fed's rate-cutting cycle in September keep the USD depressed near its lowest level since January.
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