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Sources: PBOC mulls widening Yuan band amid reform pressures - RTRS

According to four sources familiar with the Chinese central bank’s (PBOC) internal policy discussions, the country’s central bank is considering a widening of the Yuan’s trading band after a major Communist party meeting this year, Reuters reports.

The sources said that the PBOC could widen the Yuan trading range to allow it to rise or fall 3% versus the dollar from the daily mid-point rate set, up from the current 2%,

One source, who advises the government on policy, noted: “A Yuan band widening is possible. There could be some internal consensus on this. But the impact won't be big - it may just be a gesture to express the commitment to long-term market reform.”

EUR/GBP poised for a knee-jerk near term – Danske Bank

Arne Rasmussen, Head of FI Research at Danske Bank, believes the European cross could slip back to lower levels in the very near term. “As stated, we
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USD/CHF keeps the red just below 0.97 handle ahead of US data

The USD/CHF pair ticked lower on Thursday and eroded part of previous session's strong up-move back closer to one-month high touched last Friday.  Th
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