PBoC sets USD/CNY reference rate at 7.1055 vs. 7.1097 previous
Source Fxstreet
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1055 as compared to the previous day's fix of 7.1097 and 7.1763 Reuters estimates.
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The Dow jumped 1,569.40 points (+3.03%) to 53,356.12 — its best post-midterm session in 44 years — while the Nasdaq Composite added just 1.44%. Equal-weight S&P versus the Nasdaq 100 had already gapped 14 points before the vote, a 99th-percentile divergence. The index is still 2.54% below its August high.
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 5, 2026. Read on for the details.
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