From a technical perspective, the 140.00 mark is the next target on the charts. But at this point, headline risks are paramount.
Elsewhere, US futures are dribbling lower with S&P 500 futures down 0.3%. 30-year Treasury yields are at 4.875% so the good news at least is that the pressure on the bond market isn't tipping it over towards 5% just yet. But it might just be a matter of time if there is no help from Trump or the Fed before the weekend.
Right now, China shows that it isn't going to be the first one to blink in this game of chicken.
This article was written by Justin Low at www.forexlive.com. Read More Details
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