The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.0959 as compared to the previous day's fix of 7.0956 and 7.2300 Reuters estimates.
Yesterday was a slow day in terms of data and information flow and a strong day in terms of meme trading and speculation, as Donald Trump’s Truth Social flew with its own wings for the first time yesterday, following last week’s successful merger with DWAC.
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Monday at 7.0996 as compared to the previous day's fix of 7.1004 and 7.2267 Reuters estimates.
On Tuesday, U.S. stocks ended the day with little change, as investors remain grounded ahead of critical economic data, including the Federal Reserve preferred inflation gauge, which is expected to shed some light on the timing of the first Fed cut.