American president justified the comment: “He is a man who runs a communist country” After a four-hour meeting in San Francisco, California, the American president Joe Biden called the Chinese leader Xi Jinping in “dictator” . For Biden, “he is a dictator in the sense that he is a man who runs a country that is communist” . The American also said that
UPCOMING EVENTS: Monday: PBoC LPR. Tuesday: RBA Meeting Minutes, Canada CPI, FOMC Minutes. Wednesday: US Durable Goods, US Jobless Claims. Thursday: US Thanksgiving Day, Australia/Eurozone/UK PMIs, ECB Meeting Minutes, New Zealand Retail Sales. Friday: Japan CPI, Canada Retail Sales, US PMIs, US Black Friday (early markets close). Monday The PBoC is expected to keep the
© Reuters. NEW YORK – Binance, the world’s leading cryptocurrency exchange, is set to remove several spot trading pairs involving the Russian (RUB), including and BNB/RUB, amid regulatory challenges and liquidity issues. The company announced today its decision to exit the Russian market through a sale to CommEX, coupled with the cessation of Russian Ruble
We had a jam-packed economic calendar this week, and it seems like broad market behavior was once again mainly dictated by inflation updates and its influence on monetary policy sentiment. The main event stealing the spotlight was the U.S. CPI update, basically setting the vibe for the entire financial dance floor like a DJ—shaping
© Reuters. Bangladesh is grappling with a widening gap between the official and open market exchange rates for the US dollar, as local banks are mandated to follow the central bank’s prescribed rate amidst a severe currency shortage. Despite efforts to stabilize the currency, the open market rate for the dollar has soared, revealing a
© Reuters The euro is making strides towards the 1.0700 mark against a slightly weaker US dollar today, maintaining its momentum despite no significant shifts in market news or sentiment. The currency’s resilience comes as markets maintain a neutral risk sentiment, carrying over from last week’s risk-on movement. Investors and traders are gearing up for
ECB President Lagarde (neutral – voter) over the weekend spoke with a Greek newspaper and reaffirmed their commitment to bring inflation down to target by 2025: We are determined to bring inflation down to 2%. According to our projections we will get there in 2025. Our mandate is to ensure price stability, and this is
UPCOMING EVENTS: Monday: Japan PPI. Tuesday: UK Jobs data, German ZEW, NFIB Small Business Optimism Index, US CPI. Wednesday: Japan GDP, Australia Wage data, China Industrial Production and Retail Sales, UK CPI, US PPI, US Retail Sales, PBoC MLF. Thursday: Australia Jobs data, US Jobless Claims, US Industrial Production, NAHB Housing Market Index, New Zealand
Yesterday’s poor 30-year Treasury auction reverberated through the market but later in the day, many people were arguing that it should be ignored because a ransomware attack kept China’s largest bank — ICBC — out of bidding. Yellen now says there was no impact on the Treasury market from the attack. Could she mean that
Here is a great chart snapshot from BMO showing how Fed pricing has changed in the past year. Most of 2023 involved the market buying into the idea of higher-for-longer Fed funds but since October 18, there has been a fresh attempt to price in rate cuts, despite ongoing hawkish Fed rhetoric. That came after
