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FX5: Risk-On Theme Abating As PBoC Resumes Weaker Yuan Fix

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Feb 23, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The PBoC set the Yuan mid-point at ¥6.5273 vs. ¥6.5165 – the weakest Yuan setting since February 5. The magnitude of change is also the biggest since January 7. Market risk sentiment already looked fragile early on during the Asia session, but the Yuan fix was the deciding factor. Asian equity[​IMG]

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