The U.S. dollar edged higher in early European trading Monday - GEPL Capital
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News / Other data
* Chinese authorities have rolled out an array of tried-and-true manoeuvres in recent weeks to slow the yuan's slide, showing relative success compared with other battered currencies, but analysts say they face long odds against an unstoppable dollar.
* Sterling jumped against the dollar on Monday after Britain reversed a plan to cut the highest rate of income tax, and the dollar was also down against other major currencies
* Chile's sliding peso got a shot in the arm in July from a huge $25 billion central bank intervention, but in recent months has been one of the region's worst performers, showing how hard the battle is for policy makers countering a rampaging dollar.
* Japan stands ready to take "decisive" steps in the foreign exchange market if excessive yen moves persist, Finance Minister Shunichi Suzuki said on Monday, in a new warning against investors selling off the currency.
* The U.S. dollar edged higher in early European trading Monday, while sterling also gained after the U.K. government agreed to water down its plans for unfunded tax cuts.
* The weakening Malaysian ringgit, which is at its lowest since 1998, was not a reflection of the state of the nation's economy, its central bank governor said on Monday.
Data inference
* Actual greater than 'Forecast' is good for currency
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
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