Day: August 30, 2018

• 
  HKMA steps in to defend the the local currency peg again

  HKMA buys moar HKD as USD/HKD continues to hit the 7.85 ceiling ForexLive Reported intervention by the HKMA, buying HK$3.925 billion to support the Hong[...]
  2018-08-30 22:11:18

---

• 
  China press says yuan is to be basically stable

  China's Economic Information Daily with a commentary piece on the front page (Sending a message, eh?) - Yuan to be basically stable - At a[...]
  2018-08-30 22:11:18

---

• 
  Further HKD intervention reports

  Latest info has the Hong Kong Monetary Authority purchasing more HKD in intervention efforts - HKD 2.8bn of local currency bought - HKMA seeking to[...]
  2018-08-30 22:11:18

---

• 
  Fitch warns that lira depreciation could lead to further negative rating actions

  The bad news just keeps piling on for Turkey - Sharp fall in Turkish lira heightens risks for Turkish banks - Could see a marked[...]
  2018-08-30 19:29:17

---

• 
  EU reportedly willing to scrap car tariffs in trade deal with US

  According to a report by Politico report In July, there was only an agreement to eliminate tariffs for non-auto industrial goods. If the report is[...]
  2018-08-30 19:29:17

---

• 
  Russia says there are no signals that US wants to reach a compromise

  Trump isn't showing any signs of letting up suspend all foreign currency purchases ForexLive
  2018-08-30 19:29:17

---

• 
  ForexLive European FX news wrap: Markets rock back and forth on the risk swing

  Forex news from the European trading session - 30 August 2018 Headlines: Markets: - JPY leads, NZD lags on the day - European equities all[...]
  2018-08-30 19:29:17

---

• 
  Trump says that more good news is coming for financial markets

  Is Trump dropping yet another hint? ForexLive He prides himself on the stock market and with US stocks posting record highs during the last four[...]
  2018-08-30 19:29:17

---

• 
  Turkish lira extends fall, down by more than 5% against the dollar

  Blink and you miss it ForexLive The lira is under pressure once again in the market and sellers are not letting up. This is also[...]
  2018-08-30 19:29:17

---

• 
  Germany August preliminary CPI +0.1% vs +0.1% m/m expected

  Latest data released by Destatis - 30 August 2018 - +0.3% - CPI +2.0% vs +2.0% y/y expected - Prior +2.0% ForexLive Headline readings are[...]
  2018-08-30 19:29:17

---