What you need to know on Wednesday, September 25
Publish Date : 2019/09/25 - 07:33

What you need to know on Wednesday, September 25:

US Democrats have announced they will decide to impeach President Donald Trump. Such news weighed on markets and pushed safe-havens such as the yen higher.

Trump criticized China's trade practices despite fresh Chinese buying of US agricultural goods.

China's "Beige Book" has shown a significant slowdown in the third quarter.

The US is preparing tariffs against the EU following the WTO ruling in its favor.

GBP/USD has been losing its initial gains that followed the UK Supreme Court's decision that parliament's prorogation was unlawful.

EUR/USD has recovered and is back to 1.10 after Germany's IFO Business Climate met low expectations, reflected growing chances of a recession.

The Reserve Bank of New Zealand left its interest rate unchanged at 1% as expected, but kept the door open to further easing. NZD/USD remains stable above 0.63.

Cryptocurrencies tumbled down with Bitcoin falling to around $8,500.

Source: Fxstreet

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