Economic News

The offshore yuan strengthened as the US dollar softened and China’s central bank established a daily reference rate stronger than anticipated. These movements precede a week packed with crucial economic data, notably the release of the Federal Reserve’s preferred inflation measure due on Friday. Investors are keenly eyeing the core personal consumption expenditures (PCE) index, which excludes […]

The dollar exhibited strength against nearly all of its Group-of-10 counterparts and saw significant gains against select emerging-Asian currencies following an unexpected rate cut by the Swiss National Bank on Thursday. This move sparked speculation that other major central banks might accelerate their pace of policy rate reductions, surpassing the trajectory set by the Federal Reserve. Among

The price of gold surpassed the milestone of $2,200 per ounce for the first time following the Federal Reserve’s announcement maintaining its projection for three rate cuts this year, signaling a lack of concern over recent inflationary pressures. In early trading, gold soared by as much as 1.6%, reaching a record high of $2,220.89 per ounce,

Traders are intensifying their short positions on Treasury securities in anticipation of the Federal Reserve’s decision scheduled for later on Wednesday, with expectations leaning towards the central bank maintaining rates at their current level for the fifth consecutive meeting. All eyes are on the forthcoming summary of the Fed’s economic projections, which will unveil whether the persistently

The yen experienced a decline following the Bank of Japan’s announcement that it would persist in buying government bonds, despite ceasing the world’s last remaining negative rates policy and abandoning other unconventional measures, including yield curve control. Simultaneously, the Australian dollar appeared poised to reach its lowest level in approximately two weeks, while Australia’s stock market continued its upward

Anticipation is rife among Bank of Japan (BOJ) observers, with a staggering 90% of them predicting authorities will discard their negative-rate policy come Tuesday. The speculation gained traction following news of Japan’s largest union group securing the most robust wage agreements in over three decades. In response, the yen exhibited weakness against the dollar, while stock markets

The Producer Price Index (PPI), often considered a leading indicator of inflation, appears to have hit a trough, dampening expectations for a Federal Reserve interest rate cut. Analysts anticipate the Fed to maintain its current interest rate levels at the March 19-20 meeting, marking the fifth consecutive gathering without a change in rates. Following recent

Investors are closely monitoring the release of US producer price data today, seeking insights that could corroborate or challenge the robust Consumer Price Index (CPI) report earlier this week. This anticipation is contributing to a subdued level of volatility in today’s Asian session, particularly given the absence of significant economic data. As market participants await

As the Federal Reserve prepares for its upcoming meeting on March 19-20, market analysts widely anticipate that interest rates will remain unchanged for the fifth consecutive session. However, investors are eagerly awaiting insights from the Federal Open Market Committee’s (FOMC) quarterly forecasts on rates, particularly in light of recent developments in employment and inflation data.

Following a surge in U.S. stocks to record highs propelled by in-line inflation data, attention turned to the release of the U.S. Personal Consumption Expenditures (PCE) report. Despite expectations, the report failed to alleviate broader concerns regarding disinflationary trends, reinforcing forecasts for potential rate cuts. As anticipation builds for potential rate adjustments in the coming year, discussions