Data this week is expected to show China's forex reserves precariously perched just above $3 trillion at end-December, the lowest level since February 2011, according to a Reuters poll.
The year of the rooster has begun with a fall for the euro against USD and GBP. Over the course of two days the euro/dollar fell 185 points. After the publication of positive US data, the price fell to 1.0341, from which a new phase of revival began. In 34 hours the pair rose 200 points to 1.0540.
Alpari’s analytical team is taking some time out for the New Year holidays.
China's yuan strengthened against the dollar on Friday, but was on track for its biggest annual loss since 1994, which would make it the worst performing major Asian currency this year.
On Thursday the euro/dollar closed up. Trader activeness on the Forex market remains low. Trading robots are doing the work for them. If yesterday the price fluctuations for the euro were less than one figure, then today we’ve already seen the euro rise 166 points against the dollar (to 1.0653) and 115 points against the pound (to 0.8664).