Pound Sterling exposes six-month low as slowdown fears deepen

Share: Pound Sterling may continue its three-day losing spell further amid uncertainty over the economic outlook. S&P Global reported that UK Services PMI contracted for the second time straight. BoE policymakers shifted focus on the UK’s economic prospects against persistent inflationary pressure. The Pound Sterling (GBP) faces selling pressure as investors start worrying

USD/JPY stands tall near YTD peak, bulls turn cautious amid intervention fears

Share: USD/JPY refreshes YTD top during the Asian session on Monday, albeit lacks follow-through. Intervention fears, along with a softer risk tone, underpin the JPY and caps gains for the pair. The Fed-BoJ policy divergence still favours bulls and supports prospects for a further move up. The USD/JPY pair touches a fresh high

Asia FX muted, dollar cools as Fed rate hike fears ease By Investing.com

© Reuters. Investing.com– Most Asian currencies kept to a tight range on Monday, while the dollar fell slightly as mixed U.S. jobs data cemented bets that the Federal Reserve will keep rates steady this month, with focus now turning to more economic cues from China. While data released on Friday read more than expected, the

WTI rises near $83.00 amid supply crunch fears

Share: WTI rose near the $82.90 zone, setting a three-day winning streak. Supply crunch fears amid the Hurracain Idalia tractions Oil prices. A stronger USD and the fragile Chinese situation may limit the upside. The West Texas Intermediate (WTI) rose on Wednesday and threatened the $83.00 resistance.  What is driving the price upwards

Asia FX gains as dollar dips from 2-mth high, Fed fears persist By Investing.com

© Reuters. Investing.com — Most Asian currencies rose slightly on Friday, recovering a measure of steep losses this week as the dollar retreated from two-month highs, although concerns over rising U.S. interest rates remained in play. Regional markets were also cheered by the prospect of more stimulus measures in China, after the People’s Bank (PBOC)

Dollar edges higher vs intervention-zone yen, China fears weigh on yuan By Reuters

© Reuters. Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. REUTERS/Florence Lo/Illustration/file photo By Hannah Lang and Samuel Indyk WASHINGTON/LONDON (Reuters) – The Japanese yen further weakened against the dollar on Wednesday, hovering in a zone that last year triggered intervention, while the yuan slipped to a nine-month trough

Asia FX weakens on U.S. rate hike fears, China gloom By Investing.com

© Reuters. Investing.com — Most Asian currencies fell on Wednesday as strong U.S. economic readings raised concerns over the Federal Reserve having enough room to keep raising interest rates, while weak economic trends in China also dented sentiment.  Data on Tuesday showed that U.S. grew more than expected in July, presenting more upside risks to

Market Slips Lower on China Slowdown Fears

Oil Prices, Charts, and Analysis The People’s Bank of China (PBoC) unexpectedly cut borrowing costs. Oil may look to consolidate recent gains. Recommended by Nick Cawley How to Trade Oil The People’s Bank of China (PBoC) unexpectedly cut its one-year medium-term lending facility – the rate at which Chinese banks borrow money from the PBoC