Economy still faces relatively big downward pressure – China’s Xi

FXStreet (Mumbai) - China’s President Xi Jinping is now crossing the wires via Reuters, talking up the Chinese economic prospects while warning that the economy still faces huge downside risks.

Key Quotes:

‘Economy still within reasonable range’

‘Some data volatile month to month or quarterly’

‘Good fundamentals China eco remain unchanged long run’

‘China eco still faces relatively big downward pressure’

EUR/JPY sitting flat right now

EUR/JPY sitting flat right now
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Dollar longs at two-month high – Deutsche Bank

Research Team at Deutsche Bank, notes that the speculators had increased their bullish dollar exposure significantly for the third consecutive week and implied USD longs as a fraction of open interest rose to a two-month high of 33%, up from 26% in the previous week.
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