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USD/CNY recovers from daily low, ignores PBoC cash injection

Asian stock markets remained mainly in the red zone on Tuesday, with China's officials failing to calm nerves with its latest cash injection

  • The negative sentiment followed a Monday huge sell-off that forced Chinese authorities to halt trading
     
  • The PBoC set the yuan fix even lower on Tuesday, at 6.5169 against the US dollar, compared to Monday's fix of 6.5032
     
  • Nikkei 225 index in Japan fell 0.42% to close at 18,374.00, while the Topix index lost 0.33% to 1,504.71 at the market close
     
  • The Shanghai Composite index dived 2.38% to trade at 3,217.94, while the Shenzhen Composite plunged 3.31% to 2,048.92
     
  • Pair is trading at 6.5349, made intraday high at 6.5350 and low at 6.5196 levels
  • Market Data
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