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The dollar drifted weaker in Asia on Thursday as doubts grew over the prospects for a third Fed rate hike this year. USD/JPY fell 0.21% to 111.16, while AUD/USD traded at 0.7553, up 0.01%. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, eased 0.05% to 97.17. […]
nvesting.com – The People’s Bank of China set the yuan mid-point at 6.8197 against the dollar on Thursday, compared to the previous close of 6.8299. The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows […]
The German finance ministry came out with its latest monthly report, this time assessing the impact of Brexit on the German economy. Key Points: Future relationship with the UK was still unclear London’s market access was not secured Germany can offer a good alternative with Frankfurt as one of the leading financial centres in Europe […]