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Forexlive Americas FX news wrap: China cuts rates

Discussion in 'Market News' started by ForexLive, Oct 24, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Forex news from US trading on October 23, 2015: - Markit US Oct prelim manufacturing PMI 54.0 vs 52.7 expected - The strongest Northeastern Pacific hurricane on record is about to hit Mexico China delivered a surprise rate cut and markets are loving the sound of cheap money everywhere. Stocks surged, bonds sold off but the FX market wasn't quite sure what to make of it.

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