The People’s Bank of China (PBoC) has set the USD/CNY central rate for the trading session ahead at 7.0967, slightly lower than the previous day's fix of 7.0968.
The People’s Bank of China set the USD/CNY central rate for the trading session ahead on Friday at 7.0967 as compared to the previous day's fix of 7.0968 and 7.2365 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.The Australian Dollar recovered some territory against the US Dollar yet fell shy of reclaiming key technical resistance levels after Thursday’s US inflation data capped the Greenback's advance. As the Asian session begins, the AUD/USD trades near 0.6539.Gold prices climbs to a record high near $2,390 during the early Asian session on Friday.
In the last two days, MarginFi has seen more than $260 million leave its platform into other competing Solana platforms on Thursday. This comes after it was hit with a controversial accusation from staking protocol SolBlaze and the news of its CEO Edgar Pavlovsky resigning.Investors found some solace in slightly subdued wholesale-price growth, alleviating worst-case inflation concerns of yet another overshoot.
People's Bank Of China Pboc USD/CNY Central Rate Trading Session
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Mixed Asia-Pacific markets await central bank decisions and inflation numbersAsia-Pacific markets are mixed as investors await central bank decisions and inflation numbers from the U.S. and China. The Bank of Korea, the Reserve Bank of New Zealand, the Bank of Thailand, and the central bank of the Philippines have monetary policy meetings scheduled this week. The Bank of Korea may consider lowering rates. U.S. and China inflation numbers will also be in focus. China Construction Bank (Asia) faces a liquidation lawsuit.
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Asia-Pacific Markets Mixed Ahead of Central Bank Decisions and Inflation NumbersAsia-Pacific markets were mixed ahead of central bank decisions this week, with investors also awaiting inflation numbers from the U.S. and China. The Bank of Korea, the Reserve Bank of New Zealand, the Bank of Thailand and the central bank of the Philippines have their monetary policy meetings scheduled this week. The Bank of Korea may be amongst those close to lowering rates and the rhetoric will be in focus. The BOK was among one of the earliest Asian banks to halt its rate tightening cycle in 2023. Later in the week, U.S. and China inflation numbers will be in focus, with China also releasing trade data for March on Friday. On Friday in the U.S., all three major indexes regained ground after a stronger than expected jobs report, with the Labor Department's report showing that job growth Nonfarm payrolls were expected to increase by 200,000, according to Dow Jones estimates. Wages rose 0.3% for the month and 4.1% from a year earlier, both in line with estimates. China's central bank announces $70 billion 're-loan' program to support tech SMEs. In a statement on Sunday, the PBOC said the program will offer loans via 21 banks at a rate of 1.75%, and the loans can be extended twice for up to a year each time. China Construction Bank (Asia) has become the latest property company to face a liquidation lawsuit after it received a winding up petition from China Construction Bank (Asia).
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PBoC sets USD/CNY reference rate at 7.0942 vs. 7.0968 previousOn Thursday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0942 as compared to the previous day's fix of 7.0968 and 7.1793 Reuters estimates.
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PBoC sets USD/CNY reference rate at 7.0968 vs. 7.0985 previousThe People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.0968 as compared to the previous day's fix of 7.0985 and 7.1967 Reuters estimates.
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PBoC sets USD/CNY reference rate at 7.0985 vs. 7.0943 previousOn Tuesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0985 as compared to the previous day's fix of 7.0943 and 7.2056 Reuters estimates.
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PBoC sets USD/CNY reference rate at 7.0974 vs. 7.0930 previousThe People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.0974 as compared to the previous day's fix of 7.0930 and 7.1875 Reuters estimates.
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