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PBOC sets USD/CNY reference rate at 7.1300 vs. 7.1342 previous
Source Fxstreet
The People’s Bank of China (PBOC) set the USD/CNY central rate on Thursday at 7.1300, as against the previous day's fix of 7.1342 and 7.2730 Reuters estimates.
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Silver (XAG/USD) continues to rise parabolically, up more than 5%, trading above the $80.00 threshold a troy ounce, despite rising US Treasury yields and a strong US Dollar.
Gold price (XAU/USD) declines to near $4,450 during the early Asian trading hours on Thursday. The precious metal loses momentum as traders book profits after a recent rally. Later on Thursday, the weekly US Initial Jobless Claims data will be released.