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China SAFE: Cross border capital flows becoming more balanced

China’s fx regulator, the State Administration of Foreign Exchange (SAFE) published its latest report on the net Yuan trade for the month of August, citing:

China's banks sold net 27.6bln Yuan of fx in Aug

Bought 884.9bln Yuan for clients

Cross border capital flows becoming more balanced

Expected to become more stable, orderly and balanced

GBP/USD corrects from yearly tops, around mid-1.3500s

Having refreshed yearly tops near 1.3620 area, the GBP/USD pair turned lower and has now dropped to session lows in the 1.3540/50 region during early
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European Monetary Union Consumer Price Index (MoM) in line with forecasts (0.3%) in August

European Monetary Union Consumer Price Index (MoM) in line with forecasts (0.3%) in August
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