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The Chinese equities meltdown added more concerns about the global financial market

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    China closed stocks trading today, after CSI 300 tumbled 7% applying its new regulations which have been imposed, after last August sell-off. PBOC defied the capital outflows probability by sending by setting USD/CNY at 6.5646 today to be at its highest level in the recent 6 years, with continued POBC's injections in the financial markets to restore confidence. POBC indicated today that the Yuan is to respect the market forces and it has 2 ways to move in 2016 not only one way. While China

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