Brazil proposes yuan guarantees for exports to Argentina, finance minister says By Reuters

© Reuters. FILE PHOTO: Brazil’s Finance Minister Fernando Haddad looks on during a meeting between Brazil’s President Luiz Inacio Lula da Silva and Argentina’s President Alberto Fernandez at the Alvorada Palace in Brasilia, Brazil, May 2, 2023. REUTERS/Uesl JOHANNESBURG (Reuters) -Brazil has submitted a proposal to Argentina aimed at securing guarantees for Brazilian exports to the neighboring country in an initiative involving

USD/CAD Retreats Following Lackluster US PMI, Mixed CAD Retail Sales Data

USD/CAD PRICE, CHARTS AND ANALYSIS: The Loonie Arrests Slump Largely Thanks to Weak US PMI Data. More Weakness Ahead for the Canadian Dollar? Core Retail Sales Data Paints a Worrying Picture for the Canadian Economy. Market Participants Are Now Pricing in a Chance of Steeper Rate Cuts in 2024 from the US Federal Reserve. To

Live Analysis |  23 August 2023

September rate hikes less likely after weak European PMI round. Both the UK and Eurozone reports were much weaker than anticipated and signal an acceleration in the pace of contraction. At the same time the weakness is no longer concentrated in manufacturing, with demand falling across the board. Monetary policy is restrictive on both sides

PMI Data, US Yields Provide USDJPY Reprieve

USD/JPY News and Analysis Bonds rise after terrible PMI data weakens the global growth outlook IG Client Sentiment favors a continuation of the longer-term trend Enter Jackson Hole – the focal point of this week The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit

Interbank loans – Other – 23 August 2023

Interbank loans are short-term loans that financial institutions, such as banks, lend to one another. These loans are typically used by banks to manage their daily liquidity needs and to meet their regulatory reserve requirements. Here’s how interbank loans work. This type of loan plays a crucial role in maintaining the stability of the banking

Pakistan rupee hits record low against US dollar

© Reuters. An employee counts Pakistani rupee notes at a bank in Peshawar, Pakistan August 22, 2023. REUTERS/Fayaz Aziz KARACHI, Pakistan (Reuters) – Pakistan’s rupee closed at 299.6 against the U.S. dollar on Wednesday in the interbank market, touching a record low for the second day in a row, central bank data showed. On Tuesday,

USD/CNY to breach historical highs and end the year at 7.60 – SocGen

Share:  Economists at Société Générale make an upward revision to USD/CNY. An arduous march to 7.60 by the end of 2023 We revise up our year-end USD/CNY forecast by 0.20 to 7.60. The policy response, seemingly less organised than in the past, should pave the way for the USD/CNY pair to overshoot rather