European Open Preview – Dollar unimpressed by jobs data; yuan softens as China opens stimulus taps
Posted on October 8, 2018 at 7:46 am GMTHere are the latest developments in global markets: FOREX: The dollar is higher by 0.18% against a basket of six major currencies on Monday, recovering the modest losses it recorded in the previous session. The British pound posted notable gains after media reports suggested the EU is ready to offer the UK a “super charged” free trade deal. In China, the PBOC eased policy by cutting its reserve requirement ratios (RRR), triggering a tumble in the yuan. STOCKS: US markets were a [..]