PBOC’s Zhou plans to allow direct FX trading of Yuan and Korean Won in H1 2016

At the G20 meeting in China, PBOC Governor Zhou Xiaochuan noted that the central bank is aiming to start direct yuan trading against South Korea won in interbank market first half this year.

Feb 26, 2016

India FX Reserves, USD declined to $350.37B in February 15 from previous $351.83B

US: Downside risks to growth and firming inflation pressures - MUFG

Lee Hardman, Currency Analyst at MUFG, notes that the US dollar is finishing the week on a softer footing following the release of the weaker than expected services PMI for February which reinforced investor concerns over a sharper US economic slowdown.