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PBOC sets USD/CNY at 6.5616 vs 6.5743 last close

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - As has been the norm for the past 5 fixes, today was anther stable fix by the PBOC, setting USD/CNY mid-point at 6.5616 vs 6.5743 last close.

    Today's PBOC, while positive for an improvement of risk environment, given the major failure for risky assets to keep gains on Wednesday, might as well be seen as an opportunity to sell commodities, equities at more attractive prices.
    For more information, read our latest forex news.
     

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