PBOC sets Yuan reference rate at 6.9879

The People's Bank of China (PBOC) has set the Yuan reference rate at 6.9879, having raised the daily fix by 266 pips to 6.9801 on Thursday.

Dec 27, 2019

AUD/JPY retreats from six month highs

AUD/JPY has pulled back from six-month highs reached in the overnight trade and could drop below 76.00. The correction could be short-lived if the equ

USD/CNH Technical Analysis: Stays below 21-day EMA after Friday’s PBOC fix

USD/CNH declines to 6.9925 amid China open on Friday. The pair bears the burden of the PBOC Yuan fix off-late while trading below 21-day EMA.