USD/CNH keeps surging, AUD under pressure

FXStreet (Bali) - Ahead of the PBOX fix, the USD/CNH is soaring towards 6.61 from a NY close of 6.60, causing risk assets to come under pressure (AUD down, Yen bid), as it suggests markets might potentially be expecting a higher USD/CNY fix by the Chinese Central Bank today.

Jan 15, 2016

USD/CNY fix model: Projection 263 pips higher to 6.5879 - Nomura

Nomura's model projects the fix to be higher by 263 pips from the previous fix (6.5879 from 6.5616) and lower by 8 pips from the previous spot USD/CNY official close (6.5887).

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Jan 15, 2016

EUR/USD: base camp above 50 DMA

EUR/USD is currently trading at 1.0865 at time of writing while oscillating in a tight range. The euro has been recovering in cautious markets as a funding currency so that when risk has been poor it is able to drift higher, as speculative positions are scaled back.

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