Fourth PBoC Fix Since Devaluation Sees Yuan Higher, Mkts Higher

OFFSHORE CHINESE YUAN / U.S. DOLLARICE

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⋅ Aug 14, 2015 1:30 AM

Here we have CNHUSD and S&P 500 futures (Emini). Looks like there was a response to today's PBoC fix, but the magnitude and direction for both fix and reaction has flipped.