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People’s Bank of China (PBOC) sets yuan reference rate at 6.5630

Discussion in 'Fundamental Analysis' started by ForexLive, Jan 13, 2016.

  1. ForexLive

    ForexLive Forum Member

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    USD/CNY mid-point 4 consecutive stable settings now. The PBOC is sending the message to chill out on the pace of yuan devaluation. Coming up next (at the bottom of the hour) - the opening of the Chinese stock markets. the stability in the yuan is providing some stability in stocks... but its still volatile.

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