Monday, 8 October 2018

Yuan Slid after China Cut Reserve Requirement, Eyes on PBOC Next

The USD/CNH broke above 6.90 after PBOC announced a RRR cut. The regulator’s guidance will continue to weigh on the pair.

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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...