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Article By: Nenad Kerkez
Thursday, January 5, 2017 7:22 AM EST
The EUR/USD spiked above 1.0500, reaching 1.0575. The move was sparked by stop grabbers above 1.0520 and yuan depo rates flying to 96.6%. At this point the USD is recovering while EUR/USD might get rejected from POC1 and 2.
Article By: Tyler Durden
Tuesday, January 3, 2017 8:41 PM EST
Capital outflows have been a growing concern for the Chinese government in the past year as it attempts to put the economy back on track and keep the currency stable without exhausting its foreign exchange reserves.