New yuan daily fixing achieves expected result – China CFETS

FXStreet (Mumbai) - The latest headlines from the China Foreign Exchange Trade System (CFETS), a sub-institutional organization of People's Bank of China (PBOC), crossing the wires via MNI are as under:

New yuan daily fixing achieves expected result

Yuan fixing weaker than previous close on stronger USD

Yuan move vs USD basically inline with other currencies

Yuan has remained basically stable against basket

Jan 7, 2016

Difficult times not yet over for UK – Chancellor Osborne warns

While making a speech in Cardiff over the last hours, the UK Chancellor George Osborne noted that the British economy still faces downside risks.

Gold eases-off 2-month highs on China demand concerns

Having printed fresh two-month highs near 1102 levels earlier on the day, the yellow metal retreated in the European session, although remains on the bids on global stocks slump.