PBOC's Pan: No reason to panic about yuan weakness

FXStreet (Bali) - According to PBOC's Pan, there is no reason to panic about the recent yuan weakening.

Mar 6, 2014

Williams expects US jobless rate around 5% in the next few years

Fed’s Williams crossed the wires saying Fed policy is ‘driven by US economic concerns’, adding that Ukraine is mostly a geoploitical risk rather than a direct economic one. Talking about jobs, Williams said he expects the jobless rate to be reduced in the years to come to around 5%, while GDP is expected to stay around 2–2.5%. Finally, he said Yellen encourages discussion, debate on FOMC.

NZD/USD jigs up and down within a short-term range

Australian retail sales added some volatility to NZD/USD as the pair spiked to intraday high at 0.8430, but quickly reversed to the support zone of 0.8400, though the strong demand located around that area once again sent kiwi testing the upper side of its short-term range; currently NZD/USD is trading at 0.8424.