MOSCOW–Russia and China have agreed to open a bilateral foreign-exchange swap line to boost trade and investment cooperation, the Bank of Russia said Wednesday. The Bank of Russia said the two parties successfully tested forex swaps in 2015 and were ready to enact the forex swap if needed. Earlier, Russia ...

The single currency has attempted a bull run to the area of 1.0880, although the up move run out of vigour and prompted EUR\USD to return near 1.0860. EUR/USD choppy ahead of ADP The pair remains within a 30-pip range for the time being, meandering between 1.0850 and 1.0880 following ...

Finally some partially positive news from the US manufacturing sector: a score of 49.5 points in the ISM Manufacturing PMI. This is still in negative territory (under 50) but better than expected and with a better employment component.  The US dollar is rising but certainly doesn’t get too far. The ...