Forex news for Asia trading Tuesday 28 July 2015
China
Eyes were on China today after the huge stock market falls yesterday afternoon. The Shanghai Composite opened around 4% lower, extended its falls a little and then bounced into the positive on the back of government-led buying. The PBOC played ball, injecting money market funds (largest since March 5). As I update, though (China stock markets now closed for the lunch break), the Shanghai Composite is a little negative on the session so far.