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Published on Tuesday, August 6, 2019 | Updated on Tuesday, August 6, 2019

Market Comment | Markets regain some ground as Yuan stabilizes

The PBoC calmed markets today with a daily currency fixing stronger than analysts expected. That said, markets continue to remain cautious in the wake of heightened trade tensions.

Key points

Key points:
The PBoC set the daily currency fixing at 6.9683 per US dollar, stronger than expected.
VIX declined but continued above 20 threshold.
German yield continued hitting new lows, and gold prices reached its highest levels sin 2013.