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PBOC sets USD/CNY reference rate at 7.0870 vs. 7.1030 last Friday
Source Fxstreet
On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0870, as against last Friday's fix of 7.1030 and 7.0828 Reuters estimates.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
The USD Index registered marginal losses on Tuesday as the bullish action seen in Wall Street's main indexes highlighted a risk-positive market atmosphere.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 98.90 during the Asian hours on Wednesday.