On Tuesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1364, as against the previous day's fix of 7.1316 and 7.2586 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 holds lower ground below 0.6550 amid risk aversion
AUD/USD is holding lower ground below 0.6550 in Asian trading on Tuesday. Broad risk-aversion-led US Dollar uptick and mixed Australian housing data weigh on the pair. The focus now shifts to top-tier US jobs data ahead of Wednesday's Australian CPI data.
USD/JPY retakes 154.00, as USD capitalizes on dour mood
USD/JPY has recovered ground to reattempt 154.00 in the Asian session on Tuesday. The pair is back on the bids, as the US Dollar capitalizes on the risk-off mood while Japanese Yen traders reposition ahead of Wednesday's BoJ policy decision.
Gold price languishes around $2,380, looks to Fed decision for fresh impetus
Gold price struggled to find acceptance above the $2,400 mark and attracted some intraday sellers on Monday amid a strong pickup in US Dollar demand. Apart from this, the risk-on impulse was seen as another factor exerting some downward pressure on the safe-haven precious metal.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin finds rejection around the $70,000 level
Bitcoin price struggles to break through the $70,000 threshold, while Ethereum and Ripple are maintaining stability at their daily support levels, suggesting a potential rally could be on the horizon.
Getting ready for central bank risk later in week
We’re seeing some attempts at a recovery in risk assets, though it’s been a tough and slow go thus far. The US Dollar has been in the driver’s seat as global sentiment remains subdued.