The PBoC set the daily reference rate stronger than expected yesterday, implying they are not concerned and have no intention of entering into a 'currency war'. Richard Grace More Quotes by Richard Grace More Quotes From Richard Grace Many participants see the Trump Administration's hard line as part of the negotiating strategy. Richard Grace top-news It won't take much to derail some of the optimism if the September Chinese PMI due tomorrow is on the bearish side, and this may in turn take some pricing of a tightening out of the U.S. rates market. Richard Grace business However, it won’t take much to derail some of the optimism if the September Chinese PMI due tomorrow is on the bearish side, and this may in turn take some pricing of a tightening out of the U.S. rates market. Richard Grace top-news
