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Forex Flash: China to head towards market-determined exchange rate - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the Deputy Governor of the PBoC Yi Gang gave a strong signal yesterday that China will continue to move towards a more market-determined exchange rate system.
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Forex Flash: Political resolution alludes in Italy – Deutsche Bank

The Italian parliament will convene to elect a successor to President Napolitano. Yesterday, the center-left's Bersani proposed former Senate speaker Franco Marini as candidate for Italy's president. Marini, a former unionist, also got the support of the caretaker PM Mario Monti and center-right leader Berlusconi.
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