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US Treasury Secretary Mnuchin prefers corporate tax cut next year

US Treasury Secretary, while speaking in Washington, reiterated that he prefers corporate tax cut next year. 

Key quotes

  • Not concerned Senate bill delays the corporate tax cut
  • Says minor differences in House, Senate tax bills
  • Reiterates Trump's goal is 3% growth or higher

USD/CNY fix projection: 6.6423 - Nomura

Analysts at Nomura offered their model projection for today's fix in USD/CNY. Key quotes: "Our model1 projects the fix to be 76 pips higher than the
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