PBOC reportedly intervening in onshore market to control Yuan declines

FXStreet (Bali) - Market sources are reporting that the PBOC is reportedly intervening in onshore market to control the declines of the Yuan, currently around 6.43 vs USD.

Aug 12, 2015

EUR/USD unstoppable near 1.1080, ignores PBOC-led risk-aversion

The shared currency keeps gathering pace and remains strongly bid versus the US dollar heading into the European opening bells, sending EUR/USD towards 1.1090 – key upside barrier. The major remained firmer despite PBOC further yuan devaluation induced risk-off moods as the greenback is now losing ground across the board as markets now gear up for key China data flow.

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Aug 12, 2015

China Retail Sales (YoY) registered at 10.5%, below expectations (10.6%) in July

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