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PBOC sets USD/CNY at 6.5585 vs 6.5785 last close

FXStreet (Bali) - PBOC sets USD/CNY at 6.5585 vs 6.5785 last close

AUD/USD making headway, or a double top?

AUD/USD is on the bid in early Tokyo while market as turned risk positive, with the Yen now making a continuation of the bid as well, penetrating the 200 sma on the hourly chart and en-route for 117.67 and yesterday's high.
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PBOC injects huge sums of liquidity, largest in 3 years

In today's money market activity, the PBOC injected 290 bn yuan through 28 day reverse repos and injects 110 bn yuan through 7-day reverse repos, quantities that are much greater than usual.
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