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Day: December 11, 2017
December 112017
Yuan Stable Despite Consumer Inflation Missing Expectations
The Chinese yuan was stable today even though consumer inflation data released over the weekend missed expectations. The Consumer Price Index increased 1.7% in November from a year ago. That was a lower reading than 1.8% promised by analysts and 1.9% registered in October. The Producer Price Index rose by 5.8%, within expectations but also slower than the October’s 6.9% rate of growth. USD/CNY was slightly down by 0.04% […]
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December 112017
Pound Continues to Move Lower Ahead of Busy Week
The Great Britain pound continued to drop today, extending the Friday’s decline, as traders remained cautious ahead of the busy week. Market participants became a bit more optimistic about the sterling after the Brexit deal between Britain and the European Union. This trading week should be important for the currency as it will be full with events such as major economic releases and the Bank of England policy meeting. Monday was light on economic […]
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