PBOC asked some Chinese banks to suspend CNH lending – Bloomberg

FXStreet (Mumbai) - As reported by Bloomberg earlier today, PBOC asked some Chinese banks to suspend CNH lending and requested banks to collect information on CNH short-selling.

Following the news, the offshore yuan, USD/CNH, collapsed to fresh low of 6.6058 before rebounding to 6.6135 last.

Jan 27, 2016

EUR/USD remains capped by hourly 200-SMA in early Europe

EUR/USD continues to consolidate in the upper band of today’s trading range, having faced stiff resistance near the hourly 200-SMA placed at 1.0873.

Guide to FOMC members: Hawks vs doves in 2016 – Westpac

Sean Callow, Research Analyst at Westpac, suggests that the new FOMC voting rotation votes for the first time this week, with the hawks seeming to gain a little more sway in 2016.