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China needs clear timely communication on policies – IMF

International Monetary Fund (IMF), while speaking on China, said the nation needs to have a greater communication to avoid overreaction in the financial markets.

The official further added that it must also take into account the emerging market spillovers.

GBP/USD fails to capitalize on weak US data

A contraction in the US factory orders is not helping GBP/USD, which appears to have run out of steam after having clocked a daily high of 1.4320 leve
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Fed’s Rosengren says it will likely be appropriate to resume gradual tightening sooner than market expects

Federal Reserve Bank of Boston President Eric Rosengren said Monday it will likely be appropriate to resume gradual tightening sooner than market expects.
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