The dollar rallied in morning N.Y. trade on Thursday, with sentiment aided by steadier global equity markets and word from China that explained its recent devaluation regimen, with the PBoC saying there was no basis for more yuan depreciation. This said, the Bank did devalue the yuan a further 1.1%. The dollar later turned lower again, though remained inside of recent ranges, as the market began to wonder how much more China will move its currency in the coming days.
from RSS Feed http://ift.tt/1NdWGdU
via IFTTT
No comments:
Post a Comment