PBOC sets USD/CNY at 6.5628 vs 6.5695

FXStreet (Bali) - In line with the last two days of stable fixes, today's USD/CNY fix by the PBOC stood at 6.5628 vs 6.5695 last close, which should be supportive for risk assets. PBoC to inject CNY 80 bln via 7-day reverse repos.

Fed's Kaplan: Confident US inflation will rise to 2% by end of 2017

Robert Kaplan, the new head of the Dallas Federal Reserve Bank, in a speech to the Dallas chapters of Financial Executives International, said he is confident US inflation will rise to 2% by end of 2017.
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EUR/USD: Yuan failing to shift the FX space

EUR/USD is pressured as Tokyo gets going and the outcome of the Yuan fix neutral again. The single currency is passing over a mere 10 pips to the bears in the absence of a catalyst thus far.
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