Dollar Strengthens as Trade War Fears Fade, Risk Appetite Returns

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Dollar Strengthens as Trade War Fears Fade, Risk Appetite Returns – Reuters

The Chinese yuan rebounded and the dollar strengthened broadly as investors bought riskier assets, encouraged by signs that trade tensions have yet to hurt economic momentum.

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Sterling Rallies as Investors Bet ‘Softer Brexit’ More Likely After Resignation

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Sterling Rallies as Investors Bet ‘Softer Brexit’ More Likely After Resignation – Reuters

Sterling rallied as traders bet that the resignation of Britain’s Brexit minister would not endanger the prime minister and instead focused on the government’s newly-announced plan that markets believe makes a “soft Brexit” more likely.

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Renminbi Slips to 11-Month Low as Pressure Persists

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Renminbi Slips to 11-Month Low as Pressure Persists – Financial Times (subscription)

China’s renminbi pushed past the Rmb6.7 per dollar mark for the first time in nearly eleven months as downward pressure seen during a record monthly drop in June showed no sign of dissipating in July.

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