Equities In The Red Ahead Of Lift-Off, ZAR Bounced Back

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Dec 14, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    The People's Bank of China lowered the renminbi for a sixth straight against the backdrop of a persistent sell-off in equity markets. The central bank set USD/CNY to 6.4495, the highest level since July 2011 while in off-shore markets the pair reached 6.5608 in overnight trading. The weaker yuan helped[​IMG]

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