PBoC sets USD/CNY reference rate at 7.1778 vs. 7.1779 previous

1778 as compared to the previous day’s fix of 7.1779 and 7.3327 Reuters estimate.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.

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. headtopics.com

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.Australian Dollar moves downward on the rising US Dollar. Australia’s central bank is expected to raise policy rates; contributing support for the AUD. Chinese report revealed a decline in both manufacturing and non-manufacturing PMI for September. Downbeat US Treasury yields could limit the advance of the Greenback.

Bitcoin price might be doing well for itself, which is evident in the recent moves of the whale addresses. However, the cryptocurrency is still likely to continue its uptrend thanks to certain factors.Mullen Automotive (MULN) stock opened higher on Tuesday, a relief for shareholders who were dealt a 9.3% decline to start the week on Monday. headtopics.com

USD/CNY: Downward pressure on Yuan to persist before economic growth gains a solid footingUSD/CNY has hovered around 7.30 since mid-August. Economists at Commerzbank analyze the pair’s outlook after today’s official PMIs for October unexpectedly fell. Read more ⮕

Pennsylvania House to soon vote on abolishing the death penalty​House Bill 1778, proposed by Rep. Frank Burns (D-Cambria) is an attempt to curb the problem of students taunting and terrorizing their peers. Read more ⮕

PBOC to Inject ‘Ample’ Liquidity Into Money Market After Interest Rates SurgedThe People’s Bank of China will likely inject “ample” liquidity into the money market after interest rates surged on Tuesday, according to a person close to the central bank who asked not to be identified. Read more ⮕

Silver Price Analysis: XAG/USD continues with its struggle to find acceptance above 200-day SMASilver (XAG/USD) extends the previous day’s retracement slide from the $23. Read more ⮕

NZD/USD falls back towards 0.5800 as Greenback steps upThe NZD/USD is falling back towards 0.5800 as investors broadly turn back into the US Dollar (USD) ahead of the Federal Reserve’s (Fed) upcoming rate call on Wednesday. Read more ⮕

USD/CNY: Downward pressure on Yuan to persist before economic growth gains a solid footingUSD/CNY has hovered around 7.30 since mid-August. Economists at Commerzbank analyze the pair’s outlook after today’s official PMIs for October unexpectedly fell. Read more ⮕