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ForexLive Asia FX news wrap: PBOC strengthens the yuan today

Forex news for Asia trading Monday 21 December 2015

Currency movements in Asia to open the week on Monday were fairly subdued, as they so often are.

EUR/JPY has been a notable gainer on the session at 30-40 odd points or so higher than where we left it on Friday. USD/JPY has gained as has EUR/USD, but again, the moves are subdued as as I update we are seeing some retracement.

USD/CHF and cable are little changed as is the AUD/USD. The New Zealand dollar is up maybe 30 points give or take, while gold has shone, up around 5 bucks.

The People's Bank of China strengthened the yuna at the mid point setting after 10 consecutive days of devaluation.

Regional equities as I update:

  • Nikkei -0.37%
  • Shanghai +1.80%
  • HK +0.36%
  • ASX +0.05%

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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