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PBOC is expected to set the USD/CNY reference rate at 6.8395 – Reuters estimate | investingLive
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade…
Trump hits India with extra tariff, BoE set to lower rates
Kenneth Fisher Market Analyst A highly experienced financial market analyst with a focus on fundamental analysis, Kenneth Fisher’s daily commentary covers a broad range of markets including forex, equities and commodities. His work has been published in several major online financial publications including Investing.com, Seeking Alpha and FXStreet. Based in Israel, Kenny has been a…
Mexican Peso plunges to new yearly low amid strong US Dollar
Mexican Peso tanks as USD/MXN rises over 1.50% weekly, reaching new yearly highs. US Dollar Index climbs as Treasury yields jump, boosting Greenback strength. Mexican economic data shows resilience, but US elections add uncertainty for emerging market currencies. The Mexican Peso depreciated sharply against the Greenback on Friday and recorded new yearly highs of 20.29,…
Today, traders are focused on the Non-Farm Payrolls labor market report
At the end of Wednesday, the Dow Jones Index (US30) fell by 0.02%. The S&P 500 Index (US500) rose by 0.47% and reached a new all-time high. The Nasdaq Technology Index (US100) closed higher by 0.73%. Markets were buoyed by strong gains in technology stocks and news of a trade agreement between the US and…
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S&P Hits Record as Traders Ignore Government Shutdown! – Orbex Forex Trading Blog
S&P Hits Record as Traders Ignore Government Shutdown! XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
