Wednesday, 9 June 2021

Chinese Yuan Strengthens Versus US Dollar as New Yuan Loans, US Inflation Data Linger

The Chinese Yuan gained versus the US Dollar following a hotter-than-expected PPI print ahead of credit growth figures. Wall Street moved lower ahead of tomorrow's US CPI figures.

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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...