PBOC sets Yuan reference rate at 7.0855

The People's Bank of China (PBOC) has set the Yuan reference rate at 7.0855, missing the market expectation of 7.1003, but above Thursday's fix at 7.0852.

Sep 6, 2019

Fed Paper: Trade uncertainty to trim $850 billion global output – Reuters

Early on Friday, Reuters quoted the Fed research paper claiming that the Trump administration’s dispute with China means hundreds of billions of dollars.

EUR/GBP technical analysis: Bears target the 200-DMA

EUR/GBP has been holding at the bottom of the recent selloff from the august highs up in the 0.93's and has based on the way to the 50% mean reversion