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PBoC sets USD/CNY reference rate at 7.0943 vs. 7.0996 previous
Source Fxstreet
On Tuesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0943 as compared to the previous day's fix of 7.0996 and 7.2037 Reuters estimates.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Gold price (XAU/USD) attracts some sellers near $5,035 during the early Asian session on Tuesday. The precious metal edges lower amid improved risk sentiment and some profit-taking. Traders brace for key US economic data later this week, including delayed employment and inflation reports.
TexasWest Capital CEO Christopher Inks argues Bitcoin's drop is a completed "degrossing" event, structurally distinct from the 2022 Terra-induced collapse.
Gold (XAU/USD) attracts some dip-buyers following the previous day's modest slide and climbs back above the $5,050 level during the Asian session on Wednesday.