PBOC sets yuan reference rate at 6.8859

The People's Bank of China (PBOC) has set the yuan reference rate at the 6.8859 vs Thursday's fix of 6.8688.

May 17, 2019

USD/CNH technical analysis: Offshore yuan hits lowest since Nov. 30

USD/CNH rally had stalled earlier this week with the pair creating a doji candle on Wednesday, a sign of bullish exhaustion. However, the decision by

USD/IDR technical analysis: 200-day SMA questions buyers following a month-old support-line

Although a month old ascending trend-line portrays the USD/IDR pair’s strength, 200-day SMA limits the immediate upside at the quote trades near 14,450.