Chinese premier Li - global turmoil is a great challenge

Chinese premier Li was on the wires stating the global economy and falling stock markets present a greater challenge to Chinese economy.

Key quotes

China must be vigilant and maintain financial stability

USD/CHF extends gains, trades above hourly 200-MA

The selling in safe haven CHF continued in US session, pushing the USD/CHF pair above the hourly 200-MA located at 0.9846 levels.
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US Dollar flirts with highs near 96.60

The greenback, measured by the US Dollar Index, is extending the recently sparked upside momentum, currently testing session peaks in the mid-96.00s...
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