PBOC sets USD/CNY mid-point at 6.4236 Thursday

FXStreet (Mumbai) - On Thursday, the Chinese central bank, PBOC, sets USD/CNY reference rate at 6.4236 versus 6.4140 previous close.

The central bank continues to depreciate the yuan, setting the mid-point at its lowest since 2011.

Dec 10, 2015

PBOC drains net CNY50 bln this week via open market operations

Making a note of China Central Bank’s open market operations, PBOC drains a net 50 bln Yuan for the week, versus a net 50 injection last week.

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Dec 10, 2015

FX Wars in full flight - as is the bird- Rabobank

Analysts at Rabobank explained that underlining there is still lots of juice in the 2015 global theme of “FX Wars”.

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