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      PBOC to keep Yuan stable

      FXStreet (Mumbai) - The People’s Bank of China (PBOC), in their Q3 statement released today, vowed to keep Yuan stable.

      Key Points

      TO keep prudent monetary policy stance and sha;; closely monitor changes in international capital flow.

      Multiple policy tools to be used in a flexible way. The current situation is complex.

      Sees more positive signs from US economy and more difficulties facing emerging economies.

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      The sterling has quickly faded the spike to session tops near 1.5260 vs. the greenback on Friday, with GBP/USD now returning to the 1.5220 area...
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      EUR/USD forecast: eyes on US GDP – Commerzbank and TDS

      The single currency is trading on a weaker footing vs. the dollar at the end of the week, taking EUR/USD back to the mid-1.1100s ahead of US GDP figures...
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