PBOC officials call for an RRR cut at an appropriate time

A report from China’s Securities daily says the PBOC officials from China Banking Regulatory Commission believe the RRR is relatively high ad should be cut at an appropriate time.

PBOC set the Yuan mid-point rate at 6.8988

The People's Bank of China (PBOC) set the Yuan reference rate at 6.8988 this Monday morning, compared to Thursday's fix of 6.9123. 
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NZD/USD: correction stalling on 0.69 handle ahead of Fed

NZD/USD is stabilising below the 0.6920 and the 20 sma on the hourly chart at the same level.  NZD/USD has been in free-fall since losing the 0.72 ha
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