FX Weekly: A$ Resilient in Face of Deepening Trade Tensions | Action Forex

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Discover Financial Services (DFS) Expected to Post Earnings of $2.12 Per Share Estimated quarterly earnings for Discover Financial Services (NYSE:DFS) are around $2.12 per share in three months through June with $2.27 also the estimate for September quarter of the fiscal year. It means the growth is estimated at 10.99% and 10.73%, respectively. Analysts estimate full-year growth to be 12.84%, the target being $8.79 a share.

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This week’s big move was the change in FX regime by the People’s Bank of China (PBoC). Last but not least, China still has sizeable external surpluses and huge FX reserves, enabling it to prevent disorderly yuan depreciation and/or speculation that the weakness in the yuan is a one way bet.

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