Yuan update – finding a few bids in the wake of promises

I posted earlier with the info on what was announced from China late on Monday and how it impacted:

• ICYMI – China opened the taps Monday afternoon

Chinese equities jumped at the open today, pulled back, but are net higher on the session.

The yuan has found some strength also – here is the offshore update:

This article was written by Eamonn Sheridan at www.forexlive.com.