Forex News
US-China Exchange Export Restrictions, Yuan is Sold to New Lows for the Year, while the Greenback Unwinds Waller's Inspired Gains
Overview: The US dollar has unwound the gains scored late yesterday when Federal Reserve Governor Waller indicated he was still leaning toward a December rate cut. The odds of a rate cut rose to around 76% from about 66% at the end of last week.
Tue, 03 Dec 2024 06:10:00 -0500
Asia And Europe Markets Gain; Oil Rises Ahead of OPEC+ Meeting - Global Markets Today While US Slept
On Monday, December 2nd, U.S. markets closed mixed, driven by tech stocks, while the Dow fell. Investors await key economic data, including Friday's jobs report.
Tue, 03 Dec 2024 05:54:24 -0500
Sterling picks up versus dollar, flat against euro
Sterling gained against the dollar on Tuesday after dovish comments from Federal Reserve Governor Christopher Waller and was steady against the euro as political turmoil in France kept investors on edge.
Tue, 03 Dec 2024 05:52:30 -0500
China: Manufacturing outlook improves – UOB Group
Manufacturing PMI expanded for the second consecutive month, construction slowdown dragged down non-manufacturing PMI, UOB Group's Economist Ho Woei Chen notes.
Tue, 03 Dec 2024 05:42:00 -0500
Will US Export Curbs and China's Retaliation Redefine Semiconductor Supply and Tech Markets?
U.S.-China tech conflict escalates, disrupting chip supply chains. Explore the risks for semiconductor stocks and which companies may adapt or benefit.
Tue, 03 Dec 2024 05:40:41 -0500
United Kingdom 30-y Bond Auction increased to 4.747% from previous 4.735%
United Kingdom 30-y Bond Auction increased to 4.747% from previous 4.735%
Tue, 03 Dec 2024 05:31:57 -0500
ECB's Cipollone: US tariffs likely to weaken both Eurozone growth and inflation
ECB Executive Board Member Piero Cipollone highlighted the potential economic implications of US tariffs on the Eurozone, emphasizing their dual impact on growth and inflation.
Tue, 03 Dec 2024 05:31:24 -0500
Brent Oil Prices Dip Ahead of Crucial OPEC+ Meeting
Brent crude oil prices have declined to 71.65 USD per barrel as the commodity market remains tense ahead of this week's postponed OPEC+ meeting, now rescheduled for Thursday, 6 December. The market is concerned about the direction of future global oil supply amid fears of oversaturation.
Tue, 03 Dec 2024 05:23:21 -0500
Rupee drops to record low pressured by yuan slide, NDF dollar bids
The Indian rupee hit an all-time low on Tuesday weighed down by a broadly stronger dollar and a slump in the offshore Chinese yuan to a one-year low, while persistently strong dollar bids in the non-deliverable forwards market also exerted pressure.
Tue, 03 Dec 2024 05:12:31 -0500
Rupee drops to record low pressured by yuan slide, NDF dollar bids
The Indian rupee hit an all-time low on Tuesday weighed down by a broadly stronger dollar and a slump in the offshore Chinese yuan to a one-year low, while persistently strong dollar bids in the non-deliverable forwards market also exerted pressure.
Tue, 03 Dec 2024 05:08:34 -0500
Spain 12-Month Letras Auction: 2.207% vs previous 2.61%
Spain 12-Month Letras Auction: 2.207% vs previous 2.61%
Tue, 03 Dec 2024 05:04:03 -0500
Spain 6-Month Letras Auction dipped from previous 2.84% to 2.552%
Spain 6-Month Letras Auction dipped from previous 2.84% to 2.552%
Tue, 03 Dec 2024 05:03:55 -0500
Pound Sterling recovers against US Dollar after reversal in sentiment
The Pound Sterling (GBP) climbs back up to just shy of the 1.2700 mark on Tuesday as market sentiment switches against the US Dollar (USD).
Tue, 03 Dec 2024 05:03:48 -0500
China announces export ban of gallium, germanium, antimony to US
China's Commerce Ministry announced on Tuesday that they will ban exports of dual-use items related to gallium, germanium, antimony and superhard materials to the United States (US) with immediate effect.
Tue, 03 Dec 2024 04:48:00 -0500
DXY: Near term consolidation on the cards – OCBC
The US Dollar (USD) eased slight overnight in response to Fed official Waller's comments. DXY was last at 106.25, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Tue, 03 Dec 2024 04:43:00 -0500
China announces further export ban on critical minerals to the US
The ban will go into effect immediately, as according to the directive from the Chinese commerce ministry. They cite "safeguarding national security and interests" as for the reasoning to implement the ban.
Tue, 03 Dec 2024 04:39:31 -0500
South Africa Gross Domestic Product (QoQ) declined to -0.3% in 3Q from previous 0.4%
South Africa Gross Domestic Product (QoQ) declined to -0.3% in 3Q from previous 0.4%
Tue, 03 Dec 2024 04:30:54 -0500
South Africa Gross Domestic Product (YoY) remains unchanged at 0.3% in 3Q
South Africa Gross Domestic Product (YoY) remains unchanged at 0.3% in 3Q
Tue, 03 Dec 2024 04:30:34 -0500
ECB's Cipollone: Trump tariffs could lower Euro area economic growth and inflation
Speaking in a pre-recorded interview at a financial conference on Tuesday, European Central Bank (ECB) board member Piero Cipollone said that US tariffs would weaken the economy, translating into lower consumption and thus reduced pressure on prices.
Tue, 03 Dec 2024 04:26:00 -0500
Dollar sits tentatively lower in European morning trade
The dollar is only sitting higher against the yen today but even then, USD/JPY has trimmed its advance from around 150.05 earlier to 149.80 now. Elsewhere, the dollar is down 0.3% against both the euro and the pound.
Tue, 03 Dec 2024 04:07:15 -0500
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