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China's stock market correction is ‘almost over’ - PBOC’s Yi

FXStreet (Mumbai) - Speaking at an annual meeting of the International Monetary Fund and World Bank in Peru, Yi Gang, deputy governor of the People's Bank of China, noted that China's stock market has experienced several rounds of corrections and that now the correction is “almost over,” the official China Securities Journal reported on Monday.

Yi also added that such corrections have had limited direct impact on China's economy amid a series of measures implemented by the Chinese authorities to avoid systemic risks.

EUR/JPY deflates to 136.60 pre-European open

EUR/JPY is returning to the mid-136.00s after being rejected from the boundaries of 137.00the figure last Friday...
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Fed rate hike cycle to depend on the economy – Deutsche Bank

Jim Reid, Research Analyst at Deutsche Bank, notes that the Fed Vice-Chair Fischer has acknowledged that he was in the camp in September expecting a Fed rate hike this year, but signalled that ‘both the timing of the first rate increase and any subsequent adjustments to the federal funds rate target will depend critically on future developments in the economy’.
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