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China PM Li: Chinese economy enjoying steady momentum

Speaking in a summit with the Central and Eastern European (CEE) ministers in Budapest, Hungary, the Chinese PM Li Keqiang noted that the Chinese economy is enjoying steady momentum, Reuters reports.

Li announced that China Development Bank starts EUR 2 billion fund for CEE projects.

USD/CAD falls back below 1.2700 handle

   •  Renewed USD weakness prompts fresh selling.    •  Weaker oil prices helping limit deeper losses.     •  New home sales data and Fedspeaks eyed
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US Dollar tumbles further to 92.60, 2-month lows

The greenback, in terms of the US Dollar Index, is prolonging the downside at the beginning of the week and is flirting with daily lows in the 92.65/6
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