PBOC sets USD/CNY at 6.6211 vs. 6.6273 yesterday

PBOC sets USD/CNY central rate at 6.6211 vs. 6.6273 yesterday. The central banks also injected CNY 45 billion through 7-day reverse repos in open market operations today.

Aug 19, 2016

EUR/USD struggles to hold above 61.8% Fibo

Having failed to pierce through 1.1357 (23.6% of 1.0517-1.1616) in early Asia, the EUR/USD pair subsequently slipped below 1.1347 (61.8% of 1.1616-1.0

PBOC injects a net 15.5 bln Yuan this week via OMOs

China’s central bank, the PBOC injected a net 15.5 bln Yuan for the week via open market operations (OMOs), versus a net 90 bln injection last week, m