China revs up renminbi expansion

The quest to turn the renminbi into an international reserve currency may take time, but Beijing is taking big steps in that direction.

As the Reserve Bank of New Zealand is widely expected to increase borrowing costs for the second consecutive month in July, the NZD/USD may continue to trend higher over the week as investors speculate the central bank to normalize policy throughout the second-half of the year.

Sterling at a five-month high against the dollar

Pound reaches a five-month high against the dollar