Tag Archives: China

The Dollar Index has corrected, and the EUR/USD pair has surged above the key resistance level of 1.0860. This year, Fed Williams projects inflation to be 3.75% and growth to be less than 1%.A decline in retail sales across the Eurozone is inadequate to support the ECB’s neutral stance. In …

Most observers and analysts assert that proposals for de-dollarization can undoubtedly be detrimental to the US dollar. Once regarded as the sole currency for international trade, the American dollar is losing its appeal and being supplanted by other currencies. The United States today faces a growing wave of global de-dollarization …

WTI crude oil is trading at $80.415 per barrel, at the time of writing, while Brent cruse is trading at 84.66 per barrel. Trading, by definition, is a short-term endeavour. Although it may feel like a very long time when traders are watching and waiting for a move, positions are …

China’s foreign exchange reserves rose in March, official data showed on Friday, as the dollar fell against other major currencies. The country’s foreign exchange reserves – the world’s largest – rose $51 billion to $3.184 trillion last month, compared with $3.149 trillion tipped by a Reuters poll of analysts and …

Official data showed on Friday that the pace of growth in China’s manufacturing activity slowed in March, which casts doubt on the strength of the industrial sector’s post-Covid recovery in light of weak global demand. As for the services sector, it was stronger, and its activity grew at the fastest …

When markets in the US and Europe are shaken by banking instability, a stronger Chinese-led growth in emerging markets will likely protect the equities, bonds, and currencies of many developing countries. But, weeks of market volatility brought on by bank collapses, rescues, and emergency government intervention could impact weak emerging …

While the UK Labour Party prepares for a closer connection with the EU if it wins the next election, Prime Minister Rishi Sunak asserts that the UK economy “will return to growth” and applauds the measures in the chancellor’s budget “that will help” to accomplish this. David Lammy, the opposition …

Thursday saw gains in the majority of Chinese technology equities, with Tencent shares rising substantially after the internet giant reported stronger-than-expected annual results. Less aggressive signals from the Federal Reserve also helped to boost mood. Tencent Holdings Ltd. gained more than 6% to HK$368.40 per share and was poised for …

The Chinese central bank eased a key monetary policy instrument on Friday, attempting to boost an economy facing hurdles from a slowdown in its largest export markets. The People’s Bank of China announced a 25 basis point reduction in the reserve requirement ratio for major banks, which specifies how much …

China said it will reopen its borders to foreign tourists for the first time in three years since the outbreak of the COVID-19 pandemic, by re-issuing various types of visas from Wednesday, March 15. The lifting of this latest border measure, which was intended to protect against COVID-19, comes after …