EUR/USD offered near hourly 50-SMA, back to 1.1250

The bulls appear to face exhaustion over the last hour, stalling the rebound in EUR/USD near hourly 50-SMA at 1.1270, despite negative European equities and oil prices.
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PBOC injects CNY 275bln in liquidity via MLF operations

Latest headlines from PBOC micro blog cited that the central bank added 275bn yuan via Medium-term Lending Facility (MLF) today, Bloomberg reports.
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