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PBOC signals no yuan devaluation

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    On Monday, the dollar was slightly better bid after Friday’s disappointing performance despite a strong payrolls report. The US currency profited slightly as European and US investors shrugged off a new selling wave on the Chinese equity markets. However, the moves were modest and are not really significant from a technical point of view. EUR/USD closed the session at 1.0859 (from 1.0922 on Friday). USD/JPY closed at 117.76 from 117.26. This morning , Asian markets (ex Japan) trade mixed to

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