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China ups control of currency with yuan fix tweak (news: 26/05/17)

Today's press

  • BEIJING--China's central bank said it was tweaking the mechanism for setting the yuan's daily fix to smooth out fluctuations against the dollar, an acknowledgment that the country is hitching the yuan's value closer to the U.S. currency.

  • The benchmark FTSE 100 index rose to 7,535.06 on Friday morning - beating the previous record set last week by two points - before slipping back to 7529.03 shortly after midday.

  • LONDON (May 26): Sterling fell to a two-week low on Friday after a poll showed a narrowing lead for British Prime Minister Theresa May over her opposition ahead of elections next month, while commodity-linked currencies inched higher after a recovery in oil prices.

Next trading day's important events

Forex quotes:

  • USDJPY: 111.29
  • EURUSD: 1.1175

Indices:

  • S&P 500: 2412.86
  • NASDAQ: 6198.52

 



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