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US Treasury Secretary Yellen: There's a risk of a recession

In a CBS 60 minutes interview, US Treasury Secretary Janet Yellen said there's a risk of a recession, but said it certainly isn't something that is necessary to bring inflation down.

GBP/USD Price Analysis: Mean reversion to near 20-EMA around 1.2050 looks likely

The GBP/USD pair has extended its losses below 1.2230 in the Asian session after failing to sustain above the round-level resistance of 1.2300. The Ca
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USD/CNY fix: 6.9565 vs. last close 6.9598

In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.9565 vs. the last close of 6.9598. About the fix China maintains stri
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