FOREIGN EXCHANGE NEWS

fxcm enhances automated trading
Automated trading has become increasingly popular among foreign exchange traders and online forex and CFD provider FXCM has this week launched Strategy Trader, a free, all-in-one automated forex trading solution that allows clients to code strategies, perform advanced back tests, run detailed optimisation analysis, and execute trades from a single platform.

yuan at strongest since 1993
The Chinese yuan yesterday surged to its highest level since the end of 1993 following speculation that Beijing will allow faster appreciation of the currency to deflect potential US trade sanctions. The currency gained 0.2 per cent to 6.7463 yuan per dollar. Twelve-month non-deliverable forwards were barely changed yesterday at 6.66 yuan per dollar.