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PBOC sets USD/CNY reference rate at 7.0101 vs. 7.0354 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Friday at 7.0101, as compared to the previous day's fix of 7.0354 and 7.0093 Reuters estimates.

Australian Treasurer Chalmers: China stimulus is a “really welcome development”

Australia Treasurer Jim Chalmers said on Friday that China's economic slowdown is a crucial factor in weaker growth globally, adding that he sees China's fresh stimulus as a "really welcome development.
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USD/INR recovers ahead of US PCE data

The Indian Rupee (INR) loses momentum on Friday amid the renewed US Dollar (USD) demand from importers related to month-end payments and the likely unwinding of long positions.
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