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Yuan erases losses for the year

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events USDCNY hits 3-month low (by Peter Rosenstreich) Risk appetite is higher across the board as the ECB announced a massive surprise package to ease monetary policy. Yet redirecting the focus from rate cuts to quantitative and credit easing allowed EUR to rise (and deliberately prevent too much USD strengthening) and European short-end rates to pop. Even the accompanying press conference comments that suggested supplementary easing in the near future was unlikely, failed to

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