China SAFE: FX reserves rise due to asset price rally and USD drop

China's FX regulator, the State Administration of Foreign Exchange, released a brief statement on its website, following the release of the monthly Chinese reserves data.

Key Points:

FX reserves rise due to asset price rally and USD drop

FX market supply/demand moving towards balance

Oct 9, 2017

EUR/GBP extends the retreat from 3-week tops, UK PM May eyed

The bid tone behind the pound keeps growing bigger, as we progress towards the mid-European session, knocking-off the EUR/GBP cross below the key supp

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Oct 9, 2017

Sanctions and pressure on North Korea are war acts - KCNA

The North Korean news agency, KCNA, out with the latest headlines, citing that the sanctions and pressure on North Korea are war acts.

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