A bout of volatility has been detected in USD/SGD

A bout of volatility has been detected in USD/SGD and experiencing very high near-term volatility, compared to normal ranges.

The volatility of a market may change depending on the time frame measured. In this case, the USD/SGD ATR readings across several intervals, from 30 min. to daily time frames, are simultaneously touching levels not seen in in the last month of trading.

PBOC: Reports of 10% yuan depreciation 'groundless'

People's Bank of China briefing on the yuan is still underway, with deputy governor Yi Gangis saying that a 10% yuan depreciation is 'groundless'.
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USD/CNY: Sharp drop off highs, near fix level

USD/CNY is presently trading around 6.4030 area, just above today's fix rate of 6.4010 vs prior close 6.3858. The highest of the session was seen at 6.4470.
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