PBOC sets yuan reference rate at 6.3987

FXStreet (Bali) - People's Bank of China (PBOC) sets the USD/CNY reference rate for today at 6.3987 vs yesterday's fix was at 6.3862.

Aug 25, 2015

EUR/USD threatens fresh intraday lows as risk improves

EUR/USD is trading under pressure as a recovery of sentiment takes place ahead of the Shanghai composite open, which will determine whether or not further risk-on legs may develop.

PBOC to inject 150bn yuan via 7-day reverse repos

PBOC has announced that it will inject 150bn yuan via 7-day reverse repos, a decision that should underpin the existing improved sentiment currently seen in Asian markets as more liquidity is available.