Economy still faces relatively big downward pressure – China’s Xi

FXStreet (Mumbai) - China’s President Xi Jinping is now crossing the wires via Reuters, talking up the Chinese economic prospects while warning that the economy still faces huge downside risks.

Key Quotes:

‘Economy still within reasonable range’

‘Some data volatile month to month or quarterly’

‘Good fundamentals China eco remain unchanged long run’

‘China eco still faces relatively big downward pressure’

Dollar longs at two-month high – Deutsche Bank

Research Team at Deutsche Bank, notes that the speculators had increased their bullish dollar exposure significantly for the third consecutive week and implied USD longs as a fraction of open interest rose to a two-month high of 33%, up from 26% in the previous week.
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