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
The echoes of the recent BRICS summit resonate with significance, promising to cast ripples across the market’s landscape. As the curtains fall, let’s unpack the main takeaways that hold the potential to reshape market dynamics in profound ways. In a bold stride, BRICS leaders have extended a hand to welcome new allies into their fold.
It was a busy week for repricing monetary policy expectations, as central bank meeting minutes and top-tier data prints supported a longer period of high-interest rates for the major economies. Meanwhile, concerns over China’s growth and stability translated to limited risk-taking and even selling in the markets. Riskier assets like equities, commodities, and comdolls as
Excitement is rising as the UF AWARDS Global 2023 Nomination Round is quickly coming to an end. With so many financial and fintech industry leaders battling for global recognition, the competition is tight. Setting the standard of global excellence in the financial services industry, the UF AWARDS Global 2023 honour the achievements and sustained contribution
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Share: US crude oil benchmark, WTI, rises for the third consecutive day, trading at $83.48, up by 0.80%. Oil demand is predicted to grow by 2.25 million bpd in 2024, down from 2024’s 2.44 million bpd, according to OPEC+. Weakness in China’s economy could dent oil demand. Western Texas Intermediate (WTI), the US
Share: USD/MXN rises 0.30% on Tuesday amidst a risk-off impulse. Chinese economic woes spurred by imports and exports plunging weakened the Mexican Peso. Upcoming Mexican inflation data on Wednesday could shed some light on the Bank of Mexico’s next monetary policy decision. USD/MXN gained traction on Tuesday as risk-aversion triggered outflows from the
© Reuters. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch/File Photo By Fergal Smith TORONTO (Reuters) – Analysts have raised their bullish forecasts on the Canadian dollar as central banks globally, including the Federal Reserve, move closer to
Prior was 46.3 Despite a sharp fall in backlogs of work as new orders dropped, companies expanded employment at a faster rate amid greater confidence in the outlook for output. New export orders fell for the fourteenth month running There was no change from the preliminary reading. The ISM number at the top of the
© Reuters. FILE PHOTO: An informal currency trader holds U.S. Dollar bills on a street, in La Paz, Bolivia March 6, 2023. REUTERS/ Claudia Morales/File Photo LA PAZ (Reuters) – Bolivia’s government is determined to curb dependence on the U.S. dollar for foreign trade, instead turning to the , officials said, as Latin American support
