Politico: The U.S. House Rules Committee on Monday evening approved a procedural measure to schedule the GOP's $1.1 trillion defense policy bill, government funding/appropriations bills and other Republican measures for debate on the House floor.

OMFIF survey shows 93% of central banks view the renminbi as supporting asset diversification, but market structure remains a constraining factor.

Brussels is drafting a new trade instrument, dubbed an "overcapacity tool," reportedly backed by France, Italy and Spain to enable ad hoc limits on imports from China. At the same time Chinese-made air conditioners are selling out across multiple European markets; manufacturers report orders for a recent best-selling model have surged, with Chinese plants running overtime to meet demand. Chinese-EU trade frictions have increased recently and the EU has imposed trade limits more frequently; leaders have agreed to seek dispute resolution through the trade and investment consultation mechanism to balance concerns and avoid escalation.