© Reuters. FILE PHOTO: Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo SHANGHAI (Reuters) -China’s central bank has stepped up efforts to support the yuan currency this week in the wake of renewed downside pressure amid Beijing’s underwhelming measures to stabilise a faltering economy
Share: GBP/USD falls 0.18%, as concerns over global business activity and China’s real estate market woes fuel a risk-off environment. US Dollar Index (DXY) advances 0.19% to around two-month highs, buoyed by Powell’s hawkish remarks on inflation and rate hikes at Jackson Hole. Mixed US economic data, including lower-than-expected Initial Jobless Claims, adds
Disinflation has to be ‘timely’ and ‘sustainable’ German growth not broken and demonstrating resilience Proximity to war in Ukraine part of the reason for differing economic paths for US and Europe Changing inflation target would be ‘deceptive’ and counter to anchoring expectations That’s a dovish headline from Lagarde, though hardly a signal about a Sept
© Reuters Investing.com — Most Asian currencies fell on Friday, while the dollar surged to two-month peaks as markets hunkered down ahead of more signals on monetary policy from the Jackson Hole Symposium. The greenback saw strong overnight gains, while Treasury yields also moved back towards multi-decade highs as data showed continued resilience in the
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> ECB’s Kazaks: I’m in no rush to say that we are done on rates Comments from the member of the ECB’s Governing Council Adam Button Friday, 25/08/2023 | 20:04 GMT-0 25/08/2023 | 20:04 GMT-0 In no rush to say that we are done on rates, a rate pause wouldn’t mean stopping We will see
EUR/USD: Mr. Powell and Mrs. Lagarde – Much Talk, Little Substance ● Last week’s business activity data from both sides of the Atlantic proved to be exceptionally weak. The euro came under selling pressure due to a decline in Germany’s Services PMI from 52.3 to 47.3, which in turn pulled down the Composite Business Activity
© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang SHANGHAI/BEIJING (Reuters) -China’s central bank has asked domestic lenders to scale back outward bond investments according to two sources with direct knowledge of
Share: Federal Reserve Bank of Philadelphia President Patrick Harker told Bloomberg on Friday that he doesn’t see the need now for additional rate increases but added that he could call for more hikes if inflation retreat stalled. Additional takeaways “Should hold rates steady and see how policy affects the economy.” “Labor markets are
