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Chinese GDP data to set the tone for financial markets this week
The release of Chinese gross domestic product is expected to set the tone for financial markets this week, with median estimates for China’s GDP growth between July-September set at 6.1 percent. A growth figure of under 6.0 percent may cause worry amongst financial markets this week, as the trade dispute with the United States is[…]
Greenback turns lower as October rate cut remains on the cards
The U.S Dollar traded lower against a basket of currencies on Thursday, after the FOMC meeting minutes showed that U.S policymakers judged that downside risks to the United States economy had increased since the last policy meeting. The minutes from the September policy meeting also showed that a split was emerging inside the Federal Open[…]
Pound pressured as Boris Johnson’s new Brexit plan is rejected
The British pound came under pressure across the board on Tuesday, as Boris Johnson’s new Brexit proposal faced rejection from EU negotiators. British Prime Minister Boris Johnson was reportedly preparing for exit talks to end in failure, ahead of the next European Union Summit on October 17th. Antipodean currencies made substantial gains against the British[…]