Reporting of selling of USD/CNH by state banks

FXStreet (Bali) - 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.

Jan 7, 2016

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

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.

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Jan 7, 2016

China's CSI 300 down 7%, closed for the day

After being halted for 15m by 'circuit breakers', the CSI300 index has seen its losses extend into the -7% vicinity, which means business is now closed for the day.

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