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Markets
PBOC sets USD/CNY reference rate at 6.9321 vs. 6.9414 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Wednesday at 6.9321 compared to the previous day's fix of 6.9414 and 6.8824 Reuters…
Euro softens below 1.1800 on Fed hawkish remarks
The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar (USD) demand. Traders await the US President Donald…
Gold tumbles below $5,150 on profit-taking, US Dollar strength
Gold price (XAU/USD) tumbles to near $5,140, snapping the four-day winning streak during the early Asian session on Wednesday. The precious metal loses momentum amid some …
Jumps as PM Takaichi flags BoJ hike concerns
The Pound Sterling advances versus the Japanese Yen, in the aftermath of comments that the Japanese PM Takaichi expressed her concerns about additional rate hikes to Bank of Japan…
Australia CPI to edge lower in January, remain above RBA’s target
Australia will release its key set of inflation figures for the month of January on Wednesday, with the Consumer Price Index (CPI) expected to rise by 3.7%, slightly lower than the…
Tests 20-day SMA as Franc outperforms
The USD/CHF edges lower during the North American session down 0.20%, even though the Greenback post solid gains against most of its peers, except the Swiss Franc. At the time of…
PBoC on hold as Yuan firms – BNY
BNY’s Head of Markets Macro Strategy Bob Savage notes that the People’s Bank of China kept its 1-year and 5-year LPR unchanged at 3% and 3.5%, balancing growth support and currency…
Extreme fragility
Bearish Sunday open gap, premarket recovery, spike turning into a trap, and meek premarket recovery that has been three times already rejected well below the key 6,885 (tall order…
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Growth shift and AI reshape jobs – ING
ING economists Valentin Tataru and Stefan Posea describe Romania’s shift from a consumption-driven, labour‑intensive model toward a capital‑intensive, productivity‑based economy.…