The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.0568, as compared to the previous day's fix of 7.0709 and 7.0565 Reuters estimates.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD drops from 0.6750 on lack of Chinese stimulus
AUD/USD drops from 0.6750 in Wednesday's Asian trading, coming under renewed selling pressure on a lack of news on Chinese stimulus. Meanwhile, the US Dollar consolidates ahead of Fed Minutes, lending some support to the pair.
USD/JPY consolidates above 148.00, looks to Fed Minutes for fresh impetus
USD/JPY is keeping its range above 148.00, as the Japanese Yen struggles to lure buyers amid uncertainty over future BoJ rate hikes. Intervention fears cap USD/JPY amid subdued USD demand, ahead of FOMC minutes.
Gold sellers take a breather ahead of Fed Minutes
Gold price pauses its losing streak before the Fed Minutes on Wednesday. The US Dollar holds the upside alongside Treasury yields amid China woes and Mid-East risks. Gold price looks set to bounce off key $2,630 support amid bullish daily RSI.
Ethereum could rally above $7,000, leads overvalued Solana on key valuation metrics: Standard Chartered
Ethereum price traded within the $2,300 to $2,350 range on Tuesday following a report by Standard Chartered Bank, which noted that the number one altcoin is ahead of Solana in several key valuation metrics.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.