Friday, 7 August 2020

USD/CNH: U.S. Sanctions Hong Kong Officials, Chinese Yuan Sinks

The Chinese Yuan took a hit on headlines that the United States is sanctioning key Hong Kong officials, including Chief Executive Carry Lam, sending USD/CNH higher Friday morning

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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...