PBOC sets USD/CNY reference rate at 7.1376 vs. 7.1323 previous

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PBOC sets USD/CNY reference rate at 7.1376 vs. 7.1323 previous
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The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1376, as against the previous day's fix of 7.1323 and 7.2437 Reuters estimates.

The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Friday at 7.1376, as against the previous day's fix of 7.1323 and 7.2437 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 is back above 0.6500 after finding fresh demand on hot Australian Producer Price Index inflation data. The pair also benefits from a pause in the US Dollar upswing but the further upside could be capped amid broad risk-aversion and ahead of US payrolls data. USD/JPY is on a corrective upside toward 150.00 in Asian trading on Friday.

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