News Snapshot:
ForexLive Asia FX news wrap : Another China Rate Cut ( PBOC ) | Today Headlines | Fox News The People’s Bank of China cut its rate on the 14- day reverse repo by 10 basis points today, from 2.35% to 2.25% Last week, the 7- day RR rate was cut by 10 basis points (and other rates as well), so today’s cut to the 14- day was no surprise (it was the first 14- day RR since the cut to the 7- day ). Additionally, the PBOC pegged the average onshore yuan rate at its highest level since mid-May...
