China SAFE: Fluctuation of Yuan has increased significantly

Reuters reports the latest comments by China's fx regulator, the State Administration of Foreign Exchange (SAFE), with the key headlines found below.

FX reserves will remain stable overall.

Cross-border capital flows to remain stable overall.

Fluctuation of Yuan has increased significantly.

Global trade frictions have intensified since the start of 2018.

Uncertainty in international financial markets has been rising.

USD/CAD falls to near 8-week lows, bulls trying to defend 100-DMA support

   •  A modest USD retracement exerts some downward pressure on Tuesday.    •  Bullish crude oil prices underpin Loonie and add to the selling bias.
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