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PBOC sets yuan reference rate at 6.3473

FXStreet (Bali) - People’s Bank of China (PBOC) set today's yuan reference rate at 6.3473 vs yesterday's close of 6.3488 and previous mid-point of 6.3614.

Nikkei 225 surges by almost 1% at the open

The Nikkei 225 has managed to pare all its initial minor losses, shrugging off subdued performance in US equities, to currently trade up by 0.8%, supporting the rise in all Yen crosses.
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EUR/USD: quiet before the ECB storm?

EUR/USD is currently trading at 1.1359 with a high of 1.1368 and a low of 1.1343. EUR/USD has been drawn to the 200 SMA on the hourly sticks like a magnet with little impetus in overnight markets while the calendar has been particularly light. That said, we have the ECB coming up this week and this could be when things start to get interesting.
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