On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1781 as compared to Friday's fix of 7.178
2 and 7.3165 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.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.The AUD/USD pair kicks off the week in a positive mood below the mid-0.6300s during the early Asian session on Monday. The softer US Dollar lends some support to the pair. However, rising geopolitical tensions in the Middle East might trigger risk-aversion in the market and drag riskier assets like the Australia Dollar lower. The pair currently trade around 0.6339, up 0.
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