PBOC sets USD/ CNY reference rate at 6.3962 vs. 6.3867 Friday’s close

On Monday, the People’s Bank of China (PBOC) set the USD/CNY midpoint rate at 6.3962 vs. 6.3867 Friday’s close.

PBOC injected 20bn Yuan through 7-day reverse repos and 10bn Yuan via 28 day reverse repos in open market operations (OMOs) today.

May 28, 2018

Moody's places Italy on downgrade watch, Baa2 rating threatened

In the run-up to Italy's weekend political strife, Moody's placed Italy's Baa2 rating on downgrade watch, citing a "material weakening in Italy's fisc

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May 28, 2018

AUD/USD: bulls in control and testing the 100-hr SMA

AUD/USD has popped higher to test the 100-hr SMA at 0.7565 making a fresh high for the session at 0.7568. Markets are a little higher in thin trade wh

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