China eases grip on yuan, stirs devaluation speculation

China eases grip on yuan, stirs devaluation speculation
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China eases grip on yuan, stirs devaluation speculation
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The British pound has steadied on Friday, after sliding 1.6% in the past two days. In the European session, GBP/USD is trading at 1.2510, down 0.10% on the day at the time of writing. Retail sales point to weak Christmas spending UK retail sales posted a small gain of 0.2% m/m in November. This was…
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Pullbacks of 5% or more in the S&P 500 are relatively common, having occurred on average three times per year since 1930. Despite a recent market correction, the S&P 500 is still up 10% year-to-date, and the Nasdaq 100 is up 8.5% year-to-date. The S&P 500 faces technical resistance at the 100-day moving average (between…
Investing.com– Most Asian currencies moved in a tight range on Wednesday, while the dollar remained near three week highs as traders hunkered down in anticipation of more cues on interest rates from the Federal Reserve. Reports of more fiscal spending in China did little to improve sentiment towards regional currencies, with the yuan hovering around…
Welcome to a detailed exploration of the current economic landscape, an ever-evolving tableau that deeply influences global Forex markets. The economic landscape encompasses the overall health of the world's economies, characterised by factors such as GDP growth rates, inflation, employment levels, and trade dynamics. A robust economic landscape typically features strong growth, low unemployment, and…