ECB's de Guindos: Will discuss new forward guidance next week

The European Central Bank (ECB) Vice President Luis de Guindos said that the central bank will discuss new forward guidance next week.

Note that the new forward guidance will include the new definition of price stability.

Additional quotes

“ECB will decide on PEPP transition in `near' future.”

“Not discussed any changes in the parameters of ECB refinancing operations.”

USD/CNY: Yuan to struggle to recoup recent losses – ING

The USD/CNY pair has moved in a 6.46-6.48 range since late June. However, economists at ING expect the Chinese yuan to suffer in the coming weeks. Sub
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