PBOC sets USD/CNY reference rate at 7.1111 vs. 7.1106 previous


The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1111, as against the previous day's fix of 7.1106 and 7.2663 Reuters estimates.

Share: Feed news

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


Recommended content

Editors’ Picks

EUR/USD consolidates below 1.0950 ahead of ECB policy announcements

EUR/USD consolidates below 1.0950 ahead of ECB policy announcements

EUR/USD turns sideways below 1.0950 in Thursday’s European session after rallying to a fresh four-month high on Wednesday. The pair trades with caution, as investors shift to the sidelines ahead of the European Central Bank policy meeting, which will be announced at 12:15 GMT.

EUR/USD News

GBP/USD stays in daily range near 1.3000 after UK jobs data

GBP/USD stays in daily range near 1.3000 after UK jobs data

GBP/USD treads water at around 1.3000 in the European session, holding its retreat from the 2024-high it set at 1.3045 on Wednesday. The UK data showed that the ILO Unemployment Rate held steady at 4.4% in the three months to May, as forecast, failing to trigger a reaction.

GBP/USD News

Gold price remains stronger due to rising expectations of Fed rate cuts

Gold price remains stronger due to rising expectations of Fed rate cuts

Gold price (XAU/USD) edges higher to near $2,470 per troy ounce on Thursday, remaining close to record highs amid growing optimism that the Federal Reserve (Fed) will reduce rates in September.

Gold News

Worldcoin price sets for a rally following the breakout of the descending trendline

Worldcoin price sets for a rally following the breakout of the descending trendline

Worldcoin price faces a descending trendline on Thursday; a breakout signals a bullish move. On-chain data shows that WLD's daily active addresses are increasing, signaling greater blockchain usage. 

Read more

European Central Bank widely expected to keep interest rates unchanged in July

European Central Bank widely expected to keep interest rates unchanged in July

The European Central Bank is set to leave key rates unchanged after July policy meeting. ECB President Christine Lagarde will be questioned about the possibility of a rate cut in September.

Read more

Forex MAJORS

Cryptocurrencies

Signatures