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2023-10-25 06:33:31 ET China has rolled out fresh stimulus to prop up its struggling economy, with its top parliament body clearing a CNY 1T ($136.66B) sovereign bond issue, although concerns remained over its wider impact on growth. The move, which will push China's 2023 budget defic...
2023-10-10 08:11:51 ET More on Chinese Yuan / US Dollar, iShares China Large-Cap ETF, etc. FXI: Growth And Promise Do Not Always Translate To Returns FXI: Chinese Large Caps And Weak Economic Data 3 Stocks That Are Still A Buy On China's Recovery Story U.S., ...
2023-10-06 11:08:58 ET More on US Dollar Index U.S. Employment Data To Determine Whether The Greenback's Rally Since Mid-July Is Over. Maybe Strategic Ambiguity Leaves Intervention Question Unanswered, But U.S. Dollar Has Steadied Dollar Stabilizes After Extending Ga...
2023-09-11 21:25:00 ET Summary As of last Friday, the Chinese yuan depreciated to a 15-year low against the dollar, to close last week at 7.3640 ($0.1358) on the USDCNY exchange rate. The U.S. stock market generally has a negative correlation with the yuan, albeit not a perfect on...
2023-09-01 04:49:00 ET Summary Stubborn resilience in US activity data and risk-off waves from China have translated into a strengthening of the dollar over the summer. We still think this won’t last much longer and see Fed cuts from early 2024 paving the way for EUR:USD re...
2023-08-17 09:19:00 ET More on China and the Yuan 3 Stocks That Are Still A Buy On China's Recovery Story GXC: Staying Selective On China Following The July Politburo Meeting Dollar Peaks Against Yuan As Chinese Economic Slowdown Weighs On USD/CNY Exchange Rate ...
2023-08-11 11:27:09 ET China's new bank loans in July sank to the lowest level since late 2009 against a backdrop of weaker credit even as the nation's policymakers trimmed interest rates and pledged more support for the flagging economy. On Wednesday, China's consumer price index fel...
2023-08-04 13:15:03 ET Summary Unemployment remains at 3.5% with slight revisions to previous NFP numbers. Employment increased by 187,000 in July, led by healthcare, social assistance, financial activities, and wholesale trade. The S&P 500 holds at the 4,500 range, with a...
2023-07-19 09:57:09 ET Invesco global market strategist Kristina Hooper anticipates that the U.S. dollar ( DXY ) will continue to weaken, as more signals point to a Federal Reserve dovishness relative to other central banks around the world. "The recent drop in the US dollar lar...
2023-06-23 07:56:00 ET Summary The Chinese yuan still exhibits a strong gravitational pull on other Asian currencies, but it is not as strong this year as it has been. If you use the analogy of the solar system to think about currencies, then the US dollar is clearly the sun, arou...
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China is among the world’s leading economies , with the country’s gross domestic product second only to that of the United States as of 2023. The country of over 1.41 billion people has a bigger economy than the European Union and holds more foreign exchange reserves than any ...
The USD/CNY exchange rate has been in a steep sell-off as China’s fundamentals improved. It crashed to a low of 6.945, the lowest level since September 14. The Chinese yuan has crashed by more than 4.7% from its highest level in November. Chinese reopening continues The...
Forbes Media Chair Steve Forbes has warned that governments and central banks have ignored the significance of having stable currencies by emphasizing interest rate hikes to curb inflation . On Monday, the British pound slightly dropped 4% to $1.0382 in Asian Markets aft...