USD/CNH: Round trip into new highs, intervention chatter

FXStreet (Bali) - The offshore Yuan, traded via USD/CNH, has seen a massive retreat from 6.75+ all the way down to 6.6850, with chatter about intervention growing.

Jan 7, 2016

NZD/USD: getting hit on Chinese crisis

NZD/USD is currently trading at 0.6628 at time of writing in heavy offers with a high of 0.6652 and a low of 0.6613.

Reporting of selling of USD/CNH by state banks

Reporting of selling of USD/CNH by state banks, which has sent the USD/CNH back below 6.70 despite yet another Yuan devaluation at today's fixing.