Analysts at MUFG Bank, see the USD/CNY pair with a neutral bias for next week and expect the pair to move in the 7.1000-0.72000. Key Quotes: “News that the top China/US trade negotiators will resume talks in early October put a few pieces in place for a relief rally we penciled in in the September monthly. Chances are now good for some noticeable Chinese purchases of US agriculture goods to please Trump. And working-level preparatory talks in mid-September could always be spun positively. But it’s a long month and obstacles to a Real Deal remain substantial.” “Assuming no further tariff piques (reports this week said Trump wanted to double tariffs – ie, from 25% to 50% – but was talked out of it), we have a meeting, a ceasefire but with the main event punted into next month. China wants to cut interest rates in mid-September but will probably wait first for the Fed on 18 September. We’re not convinced Chinese CPI inflation will slow.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ETC/USD technical analysis: Ethereum Classic outperforms Bitcoin today FX Street 4 years Analysts at MUFG Bank, see the USD/CNY pair with a neutral bias for next week and expect the pair to move in the 7.1000-0.72000. Key Quotes: "News that the top China/US trade negotiators will resume talks in early October put a few pieces in place for a relief rally we penciled in in the September monthly. Chances are now good for some noticeable Chinese purchases of US agriculture goods to please Trump. And working-level preparatory talks in mid-September could always be spun positively. But it's a long month and obstacles to a Real Deal remain substantial." "Assuming no further… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
