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PBOC sets yuan reference rate at 6.8631

The People's Bank of China (PBoC) has set the USD/CNY reference rate for today at 6.8631, compared to yesterday's rate of 6.8482.

Meanwhile, in Open Market Operations, the PBoC has injected 40 billion yuan via 7-day reverse repos, and 20 billion yuan via 14-day RRs; with 150 billion yuan in RRs maturing for Thursday, the day's overall OMO action results in a net 90 billion yuan decrease.

NZD/USD recovers above 0.6600 after early Thursday sell-off

NZD/USD is trading into 0.6625 as the pair looks set to flub the early market's recovery of Thursday's opening currency collapse. The Kiwi whipsawed t
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BCC: UK services growth slumps to two-year low - Reuters

As reported by Reuters, the British Chambers of Commerce (BCC) noted Thursday that services growth in the UK hit its lowest level in two years during
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