BOJ’s Harada cheers negative rates, calls for more easing

Bank of Japan’s (BOJ) Harada was on the wires cheering negative interest rates and asserting the bank should not hesistate to ease further in order to meet the price target, which too a certain extent is at the mercy of the global economy.

PBOC sets USD/CNY at 6.7258 vs 6.7098

PBOC sets USD/CNY at 6.7258 vs 6.7098
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AUD/USD stuck at 5-DMA after Yuan devaluation

AUD/USD is having a hard time extending gains above 5-DMA of 0.7577 after the People’s Bank of China (PBOC) fixed the Yuan sharply lower. Rejected at
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