Tag Archives: China

The U.S. dollar marched to a two-year high on Monday as a wave of risk aversion swept global markets, while the Chinese yuan was set for its biggest three-day losing streak in nearly four years on growing worries of an economic slowdown in China.China’s yuan fell to a one-year low. …

Total assets on the Fed’s weekly balance sheet as of April 20, released this afternoon, declined to $8.955 trillion, roughly the same as on March 16 and below the levels of March 23 and April 13. Beyond the week-to-week ups and downs, caused by the peculiarities of Mortgage Backed Securities …

US Treasury Secretary Janet Yellen said on Friday that it is worth considering steps to lower US tariffs on Chinese goods in order to ease inflation, and that there would be some “desirable effects” of lowering tariffs. Speaking in a CNBC interview earlier in the day, Yellen stated on Friday …

WTI trades a few dollars lower on Friday but is within recent intra-day ranges in the low $100s. Amid a lack of fresh developments, oil traders are mulling various oil market-relevant themes.Crude oil prices continue to trade in uneventful fashion, with front-month WTI futures stuck within their intra-day ranges of …

Supply chain bottlenecks, the highest inflation in decades and a persisting labour shortage are weighing on businesses across the country, according to a new Federal Reserve report. In its region-by-region roundup of anecdotal information known as the Beige Book, the Fed reported that while economic activity increased at a “moderate …

Gold prices fell on Tuesday as the dollar rose on expectations that prices may in the near term retest the resilience of the yellow metal at the key level of $2000 an ounce. Spot gold fell 0.2 percent to 1975.36 dollars an ounce, and US gold futures fell 0.4 percent …

The Gold Price remains poised to recapture $2,000, and trades around 1.0% higher on the day. Elevated inflation, recession risks and the Russia-Ukraine war continue to boost the precious metal safe-haven appeal.This week’s speech from Fed Chair Jerome Powell will keep precious metal traders on their toes. Gold prices came …

Oil prices rose to their highest level in nearly three weeks on Monday, as fears of a global supply tightness intensified as the crisis in Ukraine deepened, raising the prospect of tougher Western sanctions against Russia, the world’s largest crude exporter. Brent crude futures rose 1.09, or 1.0 percent, to …

China’s annualized GDP figures for the first quarter of 2022 arrived at % vs. 4.4% expected and 4.0% previous, with the QoQ reading coming in at 1.3% vs. 0.6% expected and 1.5% previous. With regard to Retail Sales YoY for March, the number was -3.5% vs. -1.6% expected and 6.7% …

The euro plunged to a two-year low against the dollar on Thursday, as comments by European Central Bank President Christine Lagarde were taken as a sign that the bank will not be in a rush to raise interest rates. The euro fell to $1.0758, its lowest since April 2020. Lagarde …