WRAPUP 5-China cuts rates, reserve ratio after stocks plummet again

WRAPUP 5-China cuts rates, reserve ratio after stocks plummet again

* CSI300, Shanghai Composite Indexes down more than 7 percent

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CANADA FX DEBT-C$ bounces after China rate cut fuels oil, greenback rally

* Canadian dollar at C$1.3214 or 75.68 U.S. cents * Bond prices lower across the maturity curve TORONTO, Aug 25 (Reuters) – The Canadian dollar firmed against its U.S. counterpart on Tuesday, as oil…

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Forex Market: USD/JPY daily trading forecast

Friday's trade saw USD/JPY within the range of 121.80-123.50. The pair closed at 122.03, plummeting 1.12% on a daily basis, or the most
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Rajan ready to use $380bn forex reserves to support rupee

We have $380 billion in forex reserves to be used as and when appropriate. We will not hesitate to use that reserve to support the rupee,” Rajan said.
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Forex – Dollar rebounds against yen, but China woes weigh

Forex – Dollar rebounds against yen, but China woes weigh

Investing.com – The dollar rebounded against the yen on Tuesday, recovering from steep losses in the previous session, but concerns over the impact
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US Dollar regains 94.00 and beyond

FXStreet (Edinburgh) – The greenback, tracked by the US Dollar Index, has recovered the 94.00 handle on Tuesday, coming back from Monday’s lows around 92.60.US Dollar boosted by riskThe better sentiment around the greenback is accompanying today’s correction higher, with markets shrugging off anSee Original Article

Forex – AUD/JPY, USD/JPY Flows: Cross/JPY U turns again – reverses – up this time

Very Volatile markets. As Cross/JPY reverse losses again – now back up. After initially falling from highs on news that China Shanghai stocks will open
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United States Consumer Confidence registered at 101.5 above expectations (93.3) in August

FXStreet.com (Barcelona) For more information, read our latest forex news.
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REFILE-German DIHK chambers of commerce worried, not alarmed about China

REFILE-German DIHK chambers of commerce worried, not alarmed about China

BERLIN, Aug 25 (Reuters) – Germany’s DIHK Chambers of Commerce are worried but not alarmed by turmoil on China’s stock market and the mood does not reflect German companies’ views, the association’s…

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USD/CHF still focused on the downside – Commerzbank

FXStreet (Edinburgh) – According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair still points southwards.Key Quotes“USD/CHF has sold off to the .9330/0.9289 band of support, the 10th July low, 78.6% retracement of the move up from June and 3 month support line”.“The 20See Original Article

PBOC delivers booster shot to the Antipodeans

FXStreet (Mumbai) – The entire Antipodean complex enjoyed extra boost to their ongoing recovery after the Chinese central once again surprised markets to the upside by slashing their key rates in a yet another effort to support their ailing economy with the recent stocks crash exacerbating the pain.See Original Article

GLOBAL MARKETS-Stocks, oil, dollar extend gains after China cuts rates

LONDON, Aug 25 (Reuters) – Shares, oil and core bond yields extended gains in midsession European trade on Tuesday as a tentative market rebound picked up pace after China cut interest rates and…

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EUR/USD ignores US data, trades near daily lows

EUR/USD ignores US data, trades near daily lows

FXStreet (Mumbai) – The weak tone on the EUR/USD persists heading into the US opening bell as markets turned blind towards the US house price data. Hovers near May 2015 highThe spot continues to trade just above 1.1467 (May 2015 high) as the uptick in the European equities partly on the back of ChinSee Original Article

United States Markit Services PMI registered at 55.2, below expectations (56) in August

FXStreet.com (Barcelona) For more information, read our latest forex news.
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Bunds and Treasury yields rise after China rate cut

FXStreet (Mumbai) – The safe haven German Bunds and US Treasury yields rose after China announced its the fifth interest rate cut since November.The 10-yr German bund yield is currently up 12.4 basis points at 0.698%. The US 10-year treasury yield is up 7.9 basis points at 2.077%. The rise in the yiSee Original Article

Forex – Sterling at 7-week highs but rate hike uncertainty caps gains

Investing.com – The pound rose to fresh seven-week highs against the dollar on Tuesday, but gains were held in check amid growing uncertainty over
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