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China seems routing US Treasury holdings through Canada – Bloomberg
According to a Bloomberg report, China seems to be moving United States (US) securities to non-US custodian banks in other countries, masking its role in financing US deficits.
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The Indian Rupee (INR) opens on a strong note against the US Dollar (USD) on Thursday.
USD/CAD depreciates after posting modest gains the previous day, trading around 1.4210 during Asian hours on Thursday. The technical analysis of the daily chart indicates that the price is remaining within the ascending channel pattern, suggesting an ongoing bullish bias.
The EUR/JPY cross trades in positive territory near 177.10 during the early European trading hours on Thursday. However, the potential upside for the cross might be limited as traders remain on high alert for currency intervention from Japanese authorities.