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Day: January 8, 2019
January 82019
Chinese Yuan Sideways As Investors Weigh Economy
The Chinese yuan is trading sideways on Tuesday as investors continue to weigh the economy. Beijing has attempted to ease tradersâ minds by confirming reports that US-China trade talks are improving and that the government and central bank are employing stimulus measures to spur growth. But some experts believe that the worldâs second-largest economy is worse than officials are saying. While the Peopleâs Bank of China (PBOC) is forecasting […]
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January 82019
Euro Drops on Weak German Industrial Data and Strong US Dollar
The euro today dropped against the US dollar from the start of today’s session as the greenback rebounded on investors’ hopes about the outcome of the US-China trade talks. The rebound in US Treasury yields also boosted the greenback, which was under intense selling pressure since Friday last week following dovish Fed comments. The EUR/USD currency pair today dropped from an opening high of 1.1484 to a low of 1.1421 in the early American session. The currency […]
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