The PBOC is starting to settle nerves out there with another stable fix of the Yuan – from Forexlive:
People’s Bank of China (PBOC) sets yuan reference rate at 6.5630
- yesterday’s close was 6.5756
- yesterday’s mid point was set at 6.5628 for the third consecutive day of a stable setting (little change on the previous day).
So, make that the 4th consecutive stable rate setting now.
Now we wait Chinese stock market opens, and perhaps we can get away from this daily “OMG its a Fed meeting/NFP print” event!