PBOC Yuan fix at 1.15 GMT, watch briefing on Yuan next

FXStreet (Bali) - As usual, the PBOC will publish its latest USD/CNY reference rate at 1.15GMT, while 1h later at 2.15GMT a 'briefing' on the Yuan is due, so expect some headlines.

As per the reference rate fixing, the market is expecting another yuan devaluation of around 0.9% based on where USD/CNY spot closed.

United Kingdom RICS Housing Price Balance came in at 44%, above expectations (42%) in July

United Kingdom RICS Housing Price Balance came in at 44%, above expectations (42%) in July
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Yuan, China, US data and FOMC - RBS

Analysts at RBS explained that the global tremors from China’s shifting FX policy have spurred positioning retrenchment and general risk-off sentiment that may continue to dominate global markets.
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