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Market Morning Briefing

Discussion in 'Technical Analysis' started by Kaitlin, Jan 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    PBOC has fixed the reference rate of Yuan (6.59) to 6.5646 today and the pace of depreciation of the Chinese currency has unnerved all the markets as it implies worse than expected state of the Chinese economy. The offshore USDCNH (6.6871) has seen intervention by PBOC this morning to bring[​IMG]

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