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Chinese yuan strengthens against USD (news: 09/02/17)

Today's press

  • The central parity rate of the Chinese yuan strengthened 139 basis points to 6.8710 against the US dollar Thursday, the largest advance since Jan. 24, 2017, according to the China Foreign Exchange Trade System.

  • The New Zealand Dollar slumped in overnight trade following the RBNZ monetary policy announcement, as expected. A cautious policy statement released alongside the decision to keep the cash rate steady at 1.75 percent poured cold water on tightening bets.

  • As they watched the evening news last Saturday, Tokyo’s currency traders — along with everyone else in Japan — were given the chance to see Prime Minister Shinzo Abe out on the links, assiduously practising his golf swing before the biggest game of his life.

Next trading day's important events

Forex quotes:

  • USDJPY: 112.35
  • EURUSD: 1.0686

Indices:

  • S&P 500: 2298.35
  • NASDAQ : 5690.32

 



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