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Day: February 20, 2019
February 202019
Chinese Yuan Strengthens As Investors, Officials Weigh Economy
The Chinese yuan is strengthening midweek as foreign exchange markets are taking a break from combing through data. But investors and officials are weighing decisions that may or may not boost national growth, including in the rural areas of the worldâs second-largest economy. On Tuesday, Beijing announced that it will release intensive reforms of Chinaâs agriculture sector to advance its rural economy as part of efforts to offset trade challenges, […]
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February 202019
Pound Declines Amid Brexit Uncertainty and Tory Party Defections
The Sterling pound today was on a downtrend against the US dollar as investors reacted to the Brexit stalemate among UK leaders, which has led to party defections. The GBP/USD currency pair declined for most of the Asian session before consolidating in the European session, but was rallying higher at the time of writing. The GBP/USD currency pair today dropped from an Asian session high of 1.3077 to a low of 1.3012 before retracing most of its losses and rallying […]
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