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PBOC sets USD/CNY reference rate at 7.1328 vs. 7.1313 previous
Source Fxstreet
The People’s Bank of China (PBOC) set the USD/CNY central rate on Tuesday at 7.1328, as against the previous day's fix of 7.1313 and 7.2671 Reuters estimates.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
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Gold price (XAU/USD) gains ground to near $4,575 during the early Asian session on Tuesday. The precious metal edges higher as hopes for US-Iran peace negotiations weakened the US Dollar (USD).
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