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China FX Regulator (SAFE): Volatility in global financial Markets may increase

China FX Regulator (SAFE) comments are crossing the wires:

  • China's economy has the ability to counteract external shocks has strengthened; sound economic fundamentals will provide solid support for stable operations in FX market.
  • Volatility In Global Financial Markets May Increase.
  • China’s Sound Economic Fundamentals To Stabilise FX Reserves Economy’s Ability To Counteract External Shocks Has Strengthened.

 

EUR/USD technical analysis: Bearish lower highs invalidated, eyes 200-day MA

EUR/USD closed above 1.1324 (April 15 high) on Friday, invalidating the bearish lower highs pattern, which had been in place since Jan. 10. Friday’s c
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PBOC set the yuan reference rate at 6.8925

The People's Bank of China (PBOC) has set the yuan reference rate at 6.8925 vs the previous day's fix of
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