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NDRC: China is monitoring momentum of irrational overseas investment

Additional headlines crossing the wires from China’s NDRC head Xu, via Reuters, are here as under:

China is monitoring momentum of irrational overseas investment

The coal and steel sectors will be under greater pressure to make capacity cuts this year

GBP/USD makes a solid comeback amid fresh USD selling

The bulls fought back control over the last hour, fuelling a solid rebound in GBP/USD back towards 1.22 handle in wake of some aggressive selling seen
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USD/CAD - Will it sustain below 1.32?

Broad based USD selling could push the USD/CAD pair below 1.32 handle today, however, it remains to be seen if the spot holds below the same or recove
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