Share: WTI crude oil prices declined following the start of a truce in the Gaza Strip. OPEC+ postpones crucial meetings, sparking speculations of potential oil production cuts for 2024. Global factors like higher US crude stockpiles, China’s uncertain oil demand, and non-OPEC production growth contribute to Oil price trends. West Texas Intermediate (WTI),
© Reuters. Optimism has surged in the UK financial markets, leading the exchange rate to reach a twelve-week peak, buoyed by improved consumer confidence and a promising business outlook despite persistent recessionary pressures. On Thursday, the pound sterling climbed to 1.2615 against the US dollar, reflecting positive reactions to the latest S&P Global/CIPS data and
ISLAMABAD – The Pakistani rupee experienced a notable improvement in the inter-bank market, appreciating to close at 286.50 against the dollar, marking an uptick from its previous position. This gain was observed after the currency ended its weeks-long losing streak the day before. The positive shift comes on the heels of a staff-level agreement with
Share: Canadian Dollar is easing off the pressure as Crude Oil prices soften. Canada economic data remains thin for the week, US data dominating the market. US inflation data to remain key market driver for the back half of the trading week. The Canadian Dollar (CAD) is stepping back slightly on Wednesday, giving
> ECB’s de Cos: Underlying inflation is now easing Underlying inflation is now easing Inflation seems to be turning a corner Current interest rate level – if maintained for sufficiently long – is broadly consistent with achieving the target Too early to talk about Ray cuts Would be cautious about discontinuing PEPP reinvestment Selling bonds
Share: USD/CNH picks up bids to extend week-start rebound despite upbeat China. China Caixin Services PMI for August eases to 51.8 versus 54.1 previous readings. Doubt about China’s capacity to defend economic recovery with stimulus weighs on Yuan as full markets return. Country Garden news, China Commerce Ministry updates prod USD/CNH bulls even
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