China SAFE: Forex FX supply and demand basically stable in Q1

Dhwani Mehta FXStreet

Following the comments from Chinese Commerce Ministry and NDRC, the country’s fx regulator - the State Administration of Foreign Exchange (SAFE) came out on the wires, via Reuters, noting:

Forex FX supply and demand basically stable in Q1.

China-US trade friction on China cross-border capital flows can be controlled.

FX policies will support further opening up of China's economy.

Will continue to push forward opening capital markets, including those for stocks and bonds.

To continue Yuan exchange rate reform.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

GBP/USD: Downward-sloping trendline near 1.3470 remains key barrier

The British pound faces selling pressure against its major currency peers, trading 0.1% lower at around 1.3420 against the US Dollar during the European trading session on Tuesday.

Euro flirts with daily tops near 1.1530

EUR/USD has regained momentum after Monday’s pullback, advancing past the 1.1500 barrier to reach daily highs on turnaround Tuesday. Hopes for a diplomatic solution to the Middle East crisis continue to weigh on the US Dollar, alongside disheartening June US JOLTs figures.

Ripple Price Forecast: XRP extends technical weakness despite whales increasing exposure

Ripple (XRP) declines for a second day in a row, trading around $1.07 at the time of writing on Tuesday. The remittance token has continued to sustain a bearish outlook, aligning with the broader cryptocurrency market.

Volatility waits for fresh catalyst ahead of US-Iran 'talks'

EU mid-market update: SpaceX and AMD to report after the close; Volatility waits for fresh catalyst ahead of US-Iran 'talks'. - Middle East and energy drives sentiment still.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.