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European Market Update: China's Biggest Cut In Yuan Fix Since August Devaluation Drives...

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jan 7, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Yuan being the main focal point, after the PBOC set its official Yuan midpoint rate lower compared with Wednesday's fix, has continued its decline with USD/CNY further rallying up 0.5% during the morning session, currently on its highs at 6.5920. CNY/JPY trading down 1.25% to 17.8045[​IMG]

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