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PBoC sets USD/CNY reference rate at 7.1042 vs 7.1045 previous
Source Fxstreet
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Monday at 7.1042 as compared to the previous day's fix of 7.1045 and 7.2162 Reuters estimates.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Brent fell 1.95% to $111.20 and WTI to $101.92 after Iran's foreign minister said a Qatar-brokered plan could reopen the Strait of Hormuz in two days. Two tankers were still reported hit by mines. The move is a premium unwind, not a supply change.
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