On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.0973 compared to Friday's fix of 7.0949 and 7.1318 Reuters estimate.
The USD/JPY pair recovers its early losses and rebounds to near 150.20 during the late European trading session on Friday. The pair bounces back as the US Dollar (USD) licks its wounds despite uncertainty over trade relations between the United States (US) and China remaining intact.
United States (US) President Donald Trump said in an interview with Fox Business on Thursday that he expects an expansion of Abraham Accords soon.