PBOC sets Yuan reference rate at 6.5113 Mon vs 6.5284 last

On Monday, the Chinese central bank, PBOC, sets the USD/CNY reference rate at 6.5113 versus 6.5284 Friday close, strengthening the yuan further against the US currency.

On Friday, yuan jumped to nearly 3-week highs, the strongest level since Jan 4.

Mar 7, 2016

AUD/JPY: tracking the upside but overdone?

AUD/JPY is currently is trading at 84.33 with a high of 84.53 and a low of 84.09.

Monetary policy can help supply-side economic restructuring – PBOC’s Governor Zhou

Speaking after the conclusion of a session of the Chinese People's Political Consultative Congress, PBOC Governor Zhou Xiaochuan noted that monetary policy can help economic restructuring.