KLSE (MYR): CDB (6947)
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masterus
3,599 posts
Posted by masterus > 2017-09-20 18:01 | Report Abuse
[SHANGHAI] China's yuan firmed against the US dollar on Wednesday as companies sold dollars to take profits on recent gains and square positions ahead of a Federal Reserve policy decision later in the session.
The Fed is widely expected to announce that it will start paring its balance sheet, with the reductions seen likely to start this year.
It is expected to keep rates on hold, but investors will be watching for fresh hints on the chances of another rate rise this year and how many could be expected in 2018.