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      Chinese economy has huge potential – China’s Xi

      FXStreet (Mumbai) - Chinese President Xi Jinping was on the wires today stating that the world’s second largest economy is resilient and still has huge potential.

      Xi added that there is plenty of room for manoeuvre and the Chinese economy has the ability to maintain long-term medium to high growth rate.

      Earlier today, the Chinese finance ministry announced an issue of 3-month bonds on weekly basis starting from Q4 and says the bond issuance plan is to satisfy the requirement for Yuan's inclusion in SDR basket.

      Gold retreats from 2-week highs, awaits Fed decision

      Gold price on Comex extends its corrective slide and now drops to lows in the mid-European session as the US dollar manages to recover partial losses, heading closer towards the Fed outcome.
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      EUR/GBP down from 0.7320, back below 0.7300

      EUR/GBP is now fading the earlier spike to session peaks near 0.7320 in response to the increasing bid tone around the sterling...
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