PBOC sets USD/CNY at 6.5637 vs 6.5616

FXStreet (Bali) - As has been the norm for the last week, today we have seeb another stable fix by the PBOC, setting USD/CNY mid-point at 6.5637 vs 6.5616 last fix and 6.5890 last close.

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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Jan 15, 2016

Shanghai Comp to open down 0.7%

Shanghai Comp is set to open down 0.7%, while the CSI300 index to open down 0.6%. In the US, appetite towards riskier assets has improved, which should see the downside in Chinese stocks cap. One critical factor to follow will be the offshore Yuan, which has continued to increase in value, last at 6.6090, as well as the HIBOR fix, following record highs earlier this week.

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