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USD/CNY: PBoC to intervene? - BTMU

FXStreet (Guatemala) - Analysts at Bank of Tokyo mitsubishi explained conditions surrounding USD/CNY.

Key Quotes:

"As regular readers know, we suspect despite the gross money/credit "beat" for September not all's well within the piping of the financial system."

"As such we'd look for September real indicators to remain sluggish with markets testing USD/CNY higher and PBOC intervening."

"The stage management of this currency has us wondering whether it'd be better to have the appearance of a global currency or the reality of one?"

Brazil: Risk of a second downgrade to junk rises above 50% – TDS

Cristian Maggio, Head of Emerging Markets Strategy at TD Securities analyzed the downgrade of Brazil’s credit rating of Fitch to BBB- and kept the outlook negative. According to him, Brazil’s risk of a second downgrade to junk has clearly risen over 50%.
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Argentina Consumer Price Index (MoM) remains unchanged at 1.2% in September

Argentina Consumer Price Index (MoM) remains unchanged at 1.2% in September
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