China Govt plans strategic moves to make yuan key currency

Chicago Tribune reporting a story on the yuan published a day before, noting that the Chinese government is contemplating strategic moves to construct an Asia-based economic bloc based on the Chinese yuan, with the ambition of turning it into a currency capable of replacing the US dollar in the world economy. 

GBP/USD rejected at 4-hr 200-MA

The GBP/USD pair failed to hold above the 4-hr 200-MA level of 1.2349 despite signs of exhaustion in the dollar’s bullish momentum. Trades lower for
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USD/CNY: PBOC weakens Yuan further, hits new 8-1/2 yr highs

The USD/CNY pair rallied to the strongest level in more-than eight years on Monday, after the Chinese central bank, the PBOC, continued to weaken the
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