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13 Aug 2015

PBOC's Yi Gang: PBOC to speed up FX market development

FXStreet (Bali) - PBOC's Deputy Governor Yi Gang is crossing the wires, noting the Chinese Central Bank is planning to speed up FX market development.
Aug 13, 2015

USD/CNY breaks above 6.43, very volatile market

USD/CNY is trading in very volatile conditions at the open of the Chinese markets, currently trading above the 6.43 level after a PBOC Yuan reference rate of 6.4010 vs prior close 6.3858. Note, the prior fix (Wednesday) was at 6.3306.
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