PBOC sets Yuan midpoint at 6.9489

The People's Bank of China (PBOC) set the Yuan midpoint at 6.9489 compared to previous day''s fix at 6.9468.

Dec 21, 2016

USD/CNY projection: 6.9553 - Nomura

Analysts at Nomura offered their projecttion for the USD/CNY fix. Key Quotes: "Our model1 projects the fix to be 85 pips higher than the previous fi

NZD/USD recovered from the six-month low of 0.6883, however, the corrective move failed at the resistance offered by the trend line drawn from Oct 13