The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1359 as compared to the previous day’s fix of 7.1322 and 7.1846 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate…
9This is the forum for daily political discussion on Seeking Alpha. A new version is published every market day. Please don’t leave political comments on other articles or posts on the site. The comments below are not regulated with the same rigor as the rest of the site, and this is an ‘enter at your…
Asia FX, dollar subdued as investors weigh Fed cut bets, geopolitical risks Source link
NZD/USD attracts some buyers as the upbeat market mood benefits the risk-sensitive Kiwi. A modest USD uptick caps the currency pair amid bets for another RBNZ rate cut this week. The Jackson Hole Symposium will also be looked for Fed rate cut cues and a fresh impetus. The NZD/USD pair gains some positive traction at…
This article was written by Follow Columbia Threadneedle Investments is a leading global asset management group that provides a broad range of actively managed investment strategies and solutions for individual, institutional and corporate clients around the world. Columbia Threadneedle Investments is the global asset management group of Ameriprise Financial, Inc. (NYSE: AMP). For more information…
This article was written by Follow I am a stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management. My focus is on equity valuation, market trends, and portfolio optimization to uncover high-growth investment opportunities. As a former Vice President at Barclays, I led teams in model validation, stress…
EUR/USD could recover as the dovish tone surrounding the Fed’s September policy outlook persists. US economic data continue to support the case for a Federal Reserve rate cut in September. President Trump said that Ukraine should pursue a deal to bring an end to its war with Russia. EUR/USD edges lower after registering around 0.5%…
WTI price attracts some sellers to near $61.80 in Monday’s Asian session. Trump said he will urge Zelenskiy to make a quick deal. Traders will closely watch Trump’s meeting with Zelenskiy later on Monday. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.80 during the Asian trading hours on Monday. The WTI tumbles…
Gold price drifts lower to near $3,330 in Monday’s early Asian session. Unexpectedly strong US economic data weigh on the Gold price, but safe-haven demand might cap its downside. Traders brace for the Trump and Zelenskiy meeting later on Monday. The Gold price (XAU/USD) attracts some sellers to around $3,330 during the early Asian session…
Dollar edges higher ahead of Washington summit; Jackson Hole looms large Source link
