FOREX-Dollar Steadies Before BOJ, Fed Meetings; Aussie Buoyant
The euro was little changed at $1.1156, not far from a one-month high of $1.1218 set on Thursday when it soared after the European Central Bank eased extensively but also signalled that it may limit future interest rate cuts. The market will still sift through the BOJ's policy statements for any hints that it may be losing confidence in negative rates after the ECB suggested it will have to be ... Read News
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Forex - Aussie Slightly Weaker Ahead Of Minutes, BoJ Review Ahead
Investing.com Investing.com The Aussie held slightly weaker in early Asia on Tuesday ahead of central bank minutes while investors also awaited the latest monetary review from Japan. AUD USD traded at 0.7513, down 0.03%, while USD JPY changed hands ... Read News
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Yuan Falls As China Moves Toward Tighter Currency Control
China’s central bank has drafted rules to tax forex transactions as it also reduced the yuan’s reference rate by 0.26 percent Tuesday, the biggest cut in over two months, according to reports. The People’s Bank of China (PBOC) hopes to curtail currency speculation that takes advantage of the difference in yuan’s rate on the mainland and offshore. ... Read News
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