PBOC sets yuan reference rate at 6.7101

The People's Bank of China (PBOC) set the yuan reference rate at 6.7101 vs the previous day's fix of 6.7062. 

AUD/USD drops 40 pips as trade optimism fades, risk sentiment sours

AUD/USD is currently trading at 0.7061 (50% Fib R of 0.7003/0.7120), having hit a high of 0.7091 earlier today.  The Aussie is being offered, possibl
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RBA's Bullock: Encouraging lenders not to tighten too much

While Australia's falling home prices and high levels of household debt are not yet a threat to financial stability, major lenders, however, should av
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