The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1785, as compared to the previous day's
fix of 7.1786 and 7.3213 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.AUD/USD is jumping over 40 pips toward 0.6400 after hotter-than-expected Australian CPI inflation data, which revived RBA rate hike expectations. The Australian CPI rose 1.2% QoQ and 5.4% MoM in September, both figures surpassing market expectations. EUR/USD is challenging the 1.0600 mark, having found fresh demand in the early Asian session on Wednesday.
YGG, the token that powers the Yield Guild Games ecosystem is showing interesting movement, recording a steady climb over the last few days. Riding the broader market bullishness and bending to the whims of investor activity, the YGG market may be bracing for volatility.Tomorrow welcomes the Bank of Canada rate announcement at 2 pm GMT. Markets and economists forecast the central bank will leave the Official Overnight Rate on hold at 5.0% for a second consecutive meeting.
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