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PBOC sets Yuan midpoint at 6.3985 vs. 6.3851 Friday

FXStreet (Mumbai) - On Monday, the Chinese central bank, PBOC, sets USD/CNY reference rate at 6.3985 versus 6.3851 previous close.

Meanwhile, China Shanghai Composite index opens up 0.14% AT 3529.81.

EUR/USD: Sellers retain control, eyes 5-DMA support

Having booked first weekly gains in three, EUR/USD kicked-off this week on a firmer note, before facing rejection near 1.0890 region and drifting towards session lows post-Tokyo open.
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2% price outlook unlikely – BOJ’s Sato

Bank of Japan (BOJ) board member Mr. Takehiro Sato is now crossing the wires; casting doubts over the central bank’s 2% price target expected to be achieved by second half 2016.
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