China said it has broken up an underground banking operation that conducted $7.3 billion in illegal foreign-currency transfers, trumpeting the bust as a sign of its resolve in stemming massive capital flight.
Speaking to the parliamentary committee last week at the inflation report hearings, the Bank of England Governor, Mark Carney defended the central bank’s monetary policy.
All eyes will be on President Trump this evening as he will give his first official address to Congress in a speech that is expected to begin to lay out policy details. A $54bn increase on defense spending (a 10% rise) has already been leaked (to be fully funded from cuts to environmental, international aid and administrative measures).
Next trading day's important events
- USDJPY: 112.07
- EURUSD: 1.0596
- S&P 500: 2369.75
- NASDAQ: 5861.90