The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1910, as compared to the previous day's fix of 7.1918 and 7.2357 Reuters estimates.
The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1910, as compared to the previous day's fix of 7.1918 and 7.2357 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 remains under heavy selling pressure below 0.6500 in the Asian session on Tuesday, reversing some losses. Trump's threatened additional 10% tariffs on China, weighinmg heavily on risk sentiment and the China-proxy Australian Dollar while lifting the haven demand for the US Dollar. USD/JPY remains confined in a familiar range at around 154.
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