During the conference in Hague, German Chancellor Angela Merkel said that the EU would find a backstop solution by October 31 (Brexit deadline).
China's Yuan extends soar to four-month maximum on greenback weakness
On Tuesday, China's Yuan managed to rally to its firmest value versus the greenback in nearly four months in thin trade, thus breaching a key threshold, underpinned by a stronger fixing as well as broad dollar weakness.
The evergreen buck dived to its lowest value for more than three months versus a basket of key currencies, thus marking its steepest annual sag since 2003, following doubts as for durability of a pick-up in American economic surge in the wake of the country's tax overhaul.
The Chinese Yuan reported a soar of approximately 6.8% versus the evergreen buck in 2017, which is the biggest revenue for 9 years, also reviving from a 6.5% loss a year earlier as well as reversing three straight years of depreciation.
Before Tuesday’s market opening, China’s key bank set the midpoint rate at 6.5079 per dollar, which is 0.4% firmer than Friday’s fix of 6.5342.
Tuesday's fixing happened to be the strongest outcome since September 11, 2017.
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.