Turkey’s Oktay: Tariffs raised in response to deliberate attacks on economy by US

Turkish Vice-President Fuat Oktay is on the wires now, via Reuters, justifying Turkey’s action of raising tariffs on the US imports.

Oktay noted that Turkey raised the tariffs in response to deliberate attacks on the economy by the US.

Turkey raised tariffs on US imports of passenger cars by 120%, alcoholic drinks by 140%, and leaf tobacco by 60%.

EUR/USD: Under pressure as CNY hit new trend low, RSI reporting oversold conditions

The Chinese yuan (CNY) fell to a new trend low of 6.9068 per US dollar in Asia, leading to a broad-based USD rally. As a result, the EUR/USD fell to
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China: Higher property price inflation in July – Nomura

Analysts at Nomura note that the simple average of property price inflation across 70 cities of China grew further in July, up 0.1 percentage points (
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