China’s changes to the way it calculates the yuan’s daily reference rate is starting to take a positive effect on the market. How can corporates who do business with China benefit from this?
The U.S. dollar is higher against most major pairs ahead of the President's Day long weekend. American economic fundamentals had a strong week, but failed to gain traction given the rise of political risk as Trump’s administration continues to send mixed messages to markets. The stock market and safe havens like gold and the Japanese yen finished higher against the dollar in a very political week.