Economic News Category

January 15, 2024
China’s Central Bank Maintains Medium-Term Rate, Boosts Liquidity

China’s Central Bank Maintains Medium-Term Rate, Boosts Liquidity China’s central bank decided to maintain its medium-term policy rate, countering market expectations amid concerns over a weaker currency and limited monetary policy options. Despite economic data showing a mixed recovery, with increased exports but sluggish credit growth and deflationary pressures, the People’s Bank of China (PBOC)

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January 12, 2024
EUR/USD Stays Under 1.1000 as Market Anticipates US PPI Data Release

EUR/USD Stays Under 1.1000 as Market Anticipates US PPI Data Release The EUR/USD currency pair maintains its positive stance, displaying resilience against a renewed demand for the US dollar (USD) in the early Asian trading session on Friday. Currently, the major currency pair is trading at 1.0983, marking a modest gain of 0.11% for the

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January 11, 2024
OECD Recommends Japan’s Central Bank to Incrementally Increase Interest Rates

OECD Recommends Japan’s Central Bank to Incrementally Increase Interest Rates The Organization for Economic Cooperation and Development (OECD) has recently emphasized the need for the Bank of Japan (BOJ) to consider a gradual increase in short-term interest rates. This recommendation comes with the stipulation that such a measure should be taken if inflation consistently hovers

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January 10, 2024
China’s Economy Set for Strong Recovery Path

China’s Economy Set for Strong Recovery Path China’s economy is poised for a significant recovery this year, with indicators pointing towards a resurgence in consumer spending, services activities, and export growth. This positive trend has been highlighted by various global financial institutions and senior experts, despite acknowledging potential vulnerabilities due to ongoing challenges. One of

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January 9, 2024
Australian Dollar’s Gains Reduced Amid Strengthening US Dollar, Attention on Australian CPI

Australian Dollar’s Gains Reduced Amid Strengthening US Dollar, Attention on Australian CPI The Australian Dollar (AUD) slightly reduced its intraday gains as the US Dollar began to recover its recent losses on Tuesday. The AUD/USD pair, however, is still finding support due to a general improvement in risk sentiment. This shift in mood is partly

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