EUR/CHF has broken below a multi-month ascending trend line resulting in a steady downtrend. As analysts at Société Générale note, the pair could slid
China state financial media say there could be more support for the economy incoming
The China Securities Journal cites analysts: The article comes after last week's RRR cut which was not a 'targeted' cut (these tend to stimulate, by making lending less restrictive, specific parts of the economy such as lenders to SMEs &/or others) but rather a broad cut. Estimates of funds released range circa 1tln yuan.