The Traderszone Network

It is no secret that one of the most admirable qualities of the German public – in addition to its striking propensity for thrift in the aftermath of Weimar – is its stoic patience and pragmatism when dealing with adversity. However, over the past month, we grew increasingly confident that said patience would be tested, if only when it comes to matters of monetary trust vis-a-vis the local, neighborhood bank.

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Maybe Turnbull is just Biden his time …

Plenty of work in the pipeline still, but results for July building permits … huge beat
For the m/m, +11.3%
– expected +1.1%, prior -2.9%
For the y/y, +3.1%

This article is published in collaboration with Scutify, where you can
find real-time markets a

Image source: Getty Images.

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Japan should intervene courageously in currency markets to stem the yen’s appreciation, which is undermining the government’s economic stimulus plan, writes Koichi Hamada.
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PBOC injects 60bn yuan via 7-day reverse repos
and
Injects 40bn yuan via 14-day reverse repos 
–
ps. Friday’s setting for the yuan against its trading basket was at 94.06 … a fresh low for the CNY.