PBOC sets USD/CNY reference rate at 7.1893 vs. 7.1876 previous

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PBOC sets USD/CNY reference rate at 7.1893 vs. 7.1876 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 7.1893, as compared to the previous day's fix of 7.1876 and 7.2981 Reuters estimates.

The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Friday at 7.1893, as compared to the previous day's fix of 7.1876 and 7.2981 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.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.Soft US Dollar demand helps the Japanese Yen to trim part of its recent losses, with USD/JPY changing hands around 157.70. Higher than anticipated Tokyo inflation passed unnoticed.The AUD/USD pair remains on the defensive around 0.6215 during the early Asian session on Friday.

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PBOC sets USD/CNY reference rate at 7.1870 vs. 7.1848 previousPBOC sets USD/CNY reference rate at 7.1870 vs. 7.1848 previousOn Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1870, as compared to Friday's fix of 7.1848 and 7.2627 Reuters estimates.
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