PBOC sets Yuan central parity at 6.4078 Tues versus 6.3985

FXStreet (Mumbai) - On Tuesday, the Chinese central bank, PBOC, sets USD/CNY reference rate at 6.4078 versus 6.3985 previous close.

Meanwhile, China’s CSI300 futures open down 0.6%

Dec 8, 2015

China's RRR expected to be cut by 0.5% in Dec

As reported by Shanghai Securities News via MNI, Shen Lan, an economist covering China for Standard Chartered noted that China's reserve requirement ratio (RRR) is expected to be cut by 0.5 percentage point in December as foreign reserves fell sharply in November, which likely resulted in slower M2 growth.

FOMC to hurt Asian currencies - ANZ

Analysts at ANZ explained that the USD has tended to rally against major currencies heading into the start of a Fed tightening cycle, but weaken following the first rate hike.