Certainly, China is marked on the market list. It's been an extreme market mover and now it's creating ripples in the early Asian Market.
I wouldn't want to see a new pair among the major currencies but if it's worth my two cents, why not!
The dollar received an additional boost after China’s central bank unexpectedly cut interest rates on Friday. It was the sixth rate cut since last November, amid efforts by authorities to shore up slowing growth in the world’s second largest economy.
On Monday, in the euro zone, the Ifo Institute is to report on German business climate.
The U.S. is to release data on new home sales.
In the week ahead, investors will be focusing on Wednesday’s monetary policy announcement by the Federal Reserve for fresh indications on the timing of an initial rate hike.
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