Sunday, 7 October 2018

USD/CNH Gaps Higher After Foreign Reserves Data, Trade Wars Woes

The offshore Chinese Yuan weakened against the US Dollar after September’s dip in FX reserves, suggesting the negative effects of Trump’s tariffs.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...