Trial now
USDCAD TECHS

Returning Lower

US TSYS SUMMARY

Risk-On Ahead July Employment Report

SOUTH AFRICA

New Finance Minister Godongwana Profile

AUDUSD TECHS

Bearish Focus

CHINA PRESS

China should accelerate the introduction of yuan derivatives starting with exchange rate futures against the dollar to facilitate global and domestic capital allocations, the Security Times reported on Friday citing a proposal by Tu Guangshao, the former president of state-owned investment bank CICC and Jiang Yang, the former vice chairman of the China Securities Regulatory Commission. The Shanghai foreign exchange market should gradually have on-the-go forwards, futures, options, swaps and other financial instruments to meet the risk management needs of investors and strengthen its role as a global hub for the yuan, Tu said. Tu, a member of the advisory body CPPCC, also proposed an international commodity pricing center, the Times said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com