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PBOC sets Yuan reference rate at 6.8805

The People's Bank of China (PBOC) has set the Yuan reference rate at 6.8805 vs Wednesday's fix of 6.8893.

USD/CNH technical analysis: At 5.5-week low, key indicator bearish for first since April 19

The USD/CNH pair is currently trading at 6.8867 – the lowest level since May 13 – and could drop even further as the widely followed relative strength
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Goldman Sachs: Fed to cut rates in September and December

The US Federal Reserve (Fed) will cut rates by 25 basis points in September and December if the economic data from now and then disappoints, according
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