|Day's Range||7.08 - 7.08|
|52 Week Range||6.6648 - 7.1839|
The Australian and NZ dollars have steadied on Friday, after impressive gains of 1.0% on Thursday. Chinese GDP missed its estimate, but the yuan is holding its own against the U.S. dollar.
Investing.com -- The dollar was mixed in narrow ranged in early trading in Europe Friday, while the pound retreated as doubts swirled both about the merits of Boris Johnson’s Brexit deal and about the likelihood of him persuading Parliament to approve it.
President Donald Trump said he’s planning a Friday meeting with China’s trade negotiator, as high-level talks reopened in Washington amid uncertainty over sealing a substantive agreement with Beijing.
Investing.com -- Hopes for a limited trade deal spark a modest bounce in stocks, while Turkey gets ready to invade Syria and the Federal Reserve prepares to release the minutes from its last policy meeting. Here's what you need to know in financial markets on Wednesday, 9th October.
As U.S. and Chinese negotiators reportedly gear up for trade talks in Washington, D.C. next month, President Trump’s impeachment probe remains top of mind for investors.
U.S. stocks finished a tempestuous session lower but off the New York session bottoms as the most recent political disorder in D.C., and the latest on trade not only tossed a wet blanket on demand for riskier assets but has shrouded the market in a thick layer of confusion.
Investing.com - The Japanese yen was little changed against the U.S. dollar on Tuesday in Asia. Developments on the U.S.-Japan trade front were in focus after reports suggested that the negotiations might have hit a last-minute snag.
The Fed cut its benchmark interest rate 25-basis points as widely expected for the second time since July, as concerns grow about a potential global economic slowdown. The PBOC cut its new one-year benchmark lending rate for the second month in a row on Friday.
Investing.com -- The British pound surged to new highs against the euro and dollar Friday on optimism that the U.K. and EU will avoid a disorderly Brexit on Oct. 31, although the basis of such hopes remained open to question.
The currency markets have been quiet on Tuesday, with the pound, Canadian dollar and Mexican peso showing limited movement. However, the Fed meeting on Wednesday could trigger some movement. As well, investors will be keeping a close eye on CPI releases in Canada and the U.K.
Moody's Investors Service cut its rating on the Government of Hong Kong to negative from stable though it kept its Aa2 issuer rating. "The change in outlook to negative reflects the rising risk that the ongoing protests reveal an erosion in the strength of Hong Kong's institutions, with lower government and policy effectiveness than Moody's had previously assessed, and undermine Hong Kong's credit fundamentals by damaging its attractiveness as a trade and financial hub," the rating agency said.