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Steady tones as we look towards European trading

Steady tones as we look towards European trading
The only notable headlines so far today is from China once again, with the PBOC fixing the yuan much stronger and then stepping in to defend the currency after. Adding to that is more bad news on the economic front as not only is China now suffering from rather dead domestic demand, deflation pressures are also creeping in.But amid the Chinese central bank's efforts, the yuan is holding its ground today. That hasn't really impacted the mood elsewhere though, as major currencies are little change... Read More
Posted: Aug 9 2023, 04:36
Author Name: forexlive
Views: 022296

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