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On Sunday China’s ‘state planer’, the National Development and Reform Commission (NDRC), issued a joint statement with the Ministry of Commerce (MOC). In a nutshell, the bombshell announcement is of the complete removal of restrictions on foreign investment in the manufacturing sector. This will happen on November 1, in the form of the release of…
The Chinese inflation data are the focus of the data agenda. The y/y CPI is expected to have increased from July. If the 0.7% consensus median is hit it’ll be the fastest rate of increase since February this year, which counts as progress for China. On Friday ex-PBOC Governor Yi Gang emphasised the importance of…
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: This article was written by Eamonn Sheridan at www.forexlive.com.
As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there. Indicative rates, little change from late Friday: EUR/USD 1.1084 USD/JPY 142.34 GBP/USD 1.3124 USD/CHF 0.8439 USD/CAD 1.3576 AUD/USD 0.6668 NZD/USD 0.6176 This…
