Its another boring fix from the PBOC on the yuan, as we all await the 4Q GDP print from the Middle Kingdom that will hopefully not add to the soaring volaility that has defined 2016.
Today’s mid point is 6.5596, as opposed to yesterdays yawn at 6.5590. Here’s the chart showing the stability from Scotiabank:
Chinese stock markets will open soon and with no lead from the US overnight (MLK holiday for a long weekend), opening indications are flat.
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Yen is getting sold off this morning though, taking the lead from overnight:
The ASX200 is up 0.4% after opening down, with BHP up nearly 1% doing most of the heavy lifting.
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