PBoC »

  • H.S. Borji

    The Australian dollar suffered a sharp pull back Monday, handing back gains against the US dollar after rallying on the heels of a surprise China rate cut. The AUDUSD tested the 87.00 handle in the early Monday session before tumbling throughout the day. The pair reached an intraday low of 0.8603. It would subsequently consolidate

  • Volatility in the equity markets has edged lower in Monday as a result of the People’s Bank of China easing the band on the Chinese Yuan, and the passing of a referendum vote by the Crimean people in Ukraine. These events will continue to keep volatility elevated, but later in the week, the Fed will

  • James Boston
    Forex » Chinese Devaluation & Yen Strength
    James Boston - February 28, 2014, 09:27 GMT

    The Peoples Bank of China (PBoC) has begun the process of devaluing the Chinese Yuan in an effort to curtail speculative buying of the currency. The central bank held back it’s intervention efforts overnight and allowed the Yuan to slip almost 1% against a benchmark currency basket. Some commentators are even suggesting that the PBoC