ForexLive Asia FX news wrap: PBOC squeezes yuan shorts, hard

Discussion in 'Market News' started by ForexLive, Jan 13, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Forex news for Asia trading Wednesday 13 January 2016 A quiet start to the session ahead of the now regular China opening focus. It was enlivened somewhat by a much better performance from AUD and NZD. Both gained in a steady fashion once Tokyo became active, with the AUD helped along a little further by strong job vacancy data ahead of tomorrow's employment report. Meanwhile USD/JPY managed a steady tick higher also while EUR and CHF both lost a little ground against the USD. A pop in oil prices helped along by a crude inventory draw reported by the American Petroleum Institute was soon reversed.

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