Dollar suffers big drop after report China may halt bond buys (news: 10/01/18)

Today's press

  • LONDON (Reuters) – The U.S. dollar slumped on Wednesday after a report that China was ready to slow or halt its U.S. treasury purchases, with the greenback posting its biggest single-day drop against the Japanese yen in nearly eight months.

  • Investing.com – The number of building permits issued in Canada fell to their lowest level in 18 months in November, official data showed on Tuesday.

  • Global oil benchmark, Brent crude, extended its gains on Tuesday, trading near $69 per barrel on the back of production cuts led by the Organisation of Petroleum Exporting Countries and expectations that the United States’ crude inventories had dropped for an eight-week low.

  • Cryptocurrency Markets are having a tough time, with major losses across most of the top 50 coins to start the day Wednesday, Jan. 10.

  • Manufacturing continued to perform strongly in November, signalling that the sector will make a decent contribution to overall UKgrowth in the final quarter of 2017.

Next trading day's important events

  • 15:30 (GMT+3) ECB Monetary Policy Meeting Accounts


Forex quotes:

  • USDJPY: 111.37
  • EURUSD: 1.1991


Indices:

  • S&P 500: 2744.48
  • NASDAQ: 7130.85

Source: Alpari

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