PBOC sets USD/CNY at 6.5636, relief for markets?

FXStreet (Bali) - Following Thursday's Yuan devaluation - USD/CNY fix caused panic selling in Chinese stock markets-, today's PBOC USD/CNY sets USD/CNY at 6.5636 vs 6.5646 last. Not a amjor change from the close, which should see a relief for markets.

Jan 8, 2016

AUD/USD sidesteps retail sales and awaits the Chinese

AUD/USD was a non event on the release of inline as expected retails sales. The retails sales arrived at 0.4% as expected vs 0.6% prior. The price is oscillating around the 0.7020 resistance and capped by the 100 SMA on the 15 min sticks and is testing the 20 SMA on the hourly chart in a minor recovery from the lows of 0.6980.

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Jan 8, 2016

The Chiunese crisis - how concerning is it? - ANZ

Analysts at ANZ explained that the tumultuous start to the New Year is keeping us all on our toes. In the space of a week, we have had growing geopolitical tensions in the Middle East and Asia, a rout in the Chinese stock market that reverberated around the world and a sudden devaluation of the yuan.

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