FXStreet (Guatemala) – Analysts at TD Securities explained that all eyes and ears continue to be on China risks and the impact these risks are expected to have on the September FOMC.
Key Quotes:
“The latest round of Fed minutes fuelled expectations that monetary tightening in the US will be delayed, if not scrapped altogether in 2015. Any data release or event that can add to this picture will be highly followed and is expected to have implications for EMs.”
“From China, the CNY fix, repo rates and Shanghai stock market fluctuations are the Asia-Pac’s market focus. The markets remain very skittish on this front, especially with some EM currencies continuing their implosion after last week. Negative moves on Monday have a connection to market disappointment after the PBoC failed to deliver RRR cut expected last weekend.”
(Market News Provided by FXstreet)