IMF: China should accelerate reform, address risk of sharp economic adjustment

Additional headlines crossed the wires on IMF raises China’s 2017 GDP growth forecast to 6.7% from 6.6%:

GDP average rate seen at 6.4% during 2018-20 6.4%

China should accelerate reform, address risk of sharp economic adjustment

Should resume progress towards flexible exchange rate

Capital flow measures should be transparent and consistent

EUR/USD faces potential downside pressure – Danske Bank

Senior Analyst at Danske Bank Sverre Holbek sees risks of further pullbacks in spot in the near term. Key Quotes “It has been calm before the storm
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FX option expiries for today NY cut

FX option expiries for today NY cut at 10:00ET, via DTCC, can be found below.  EURUSD: 1.1100 (EUR 877m) 1.1150 (500m) 1.1200-10 (3.15bln) 1.1250-60
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