The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1894, as compared to the previous day's fix of 7.1982 and 7.2227 Reuters estimates.
The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Thursday at 7.1894, as compared to the previous day's fix of 7.1982 and 7.2227 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 oscillates around the 0.6500 mark and remains close to a multi-month low touched earlier this week amid worries that Trump's tariff plans will trigger a US-China trade war. That said, bets for a 25 bps Fed rate cut in December and the recent fall in the US bond yields keep the USD depressed near a two-week low, offering some support to the Aussie.
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