On Monday mornings, market activity is low until Asian markets open, leading to price fluctuations. Please be cautious.
Weekend China News:
- China provided limited details on stimulus at Saturday’s press conference.
- Four major state-owned banks in China confirmed mortgage rate cuts starting October 25.
- China’s September CPI fell below August’s rate and expectations, while PPI also decreased.
Exchange rates haven’t changed much since Friday, but the AUD and NZD are slightly weaker following the China news.
- EUR/USD: 1.0938
- USD/JPY: 149.05
- GBP/USD: 1.3073
- USD/CHF: 0.8572
- USD/CAD: 1.3758
- AUD/USD: 0.6745
- NZD/USD: 0.6102