USD/CNY remains firmer above $6.3600 on upbeat China Caixin Services PMI By anilpanchal7 USDCNY RiskAppetite PMI YieldCurve Currencies
an pair seems to believe in the latest comments from Beijing, even as the reaction to the latest data is muted when cheering hawkish hopes concerning the US Federal Reserve’s next step.
However, hints from the Chinese policymaker suggesting actions to control CNY strength and stabilize the economy are likely to fuel the USD/CNY prices of late. That said, Reuters came out with thespotting China outlet while saying the Chinese authorities are seen implementing more drastic measures after the recent multi-pronged attempts.
On the other hand, the US dollar cheered hawkish signals from the Federal Open Market Committee Meeting Minutes suggesting a faster rate-hike and plans to discuss balance-sheet normalization. Following the Minutes, the US bond yields rally and the Fed interest rate futures point at the 80% chance of a hike in March 2022.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why did a Mutant Ape Yacht Club serum sell for $6 million?ICYMI: A Mutant Ape Yacht Club serum sold for nearly $6 million — here’s what that means for the Bored Ape ecosystem
Read more »
China's Dec factory activity returns to growth, beats forecasts- Caixin PMIChina's factory activity grew at its fastest pace in six months in December, driven by production hikes and easing price pressures, but a weaker job market and business confidence added uncertainty, a private survey showed on Tuesday.
Read more »
GBP/USD advances firmly above 1.3500 amid an upbeat market sentimentThe British pound advances for the first time of the week, trading at 1.3525 at the time of writing. European stock indices and US equity futures port
Read more »
NZD/USD struggles for direction, stuck in a range around 0.6800 ahead of FOMC minutesNZD/USD struggles for direction, stuck in a range around 0.6800 ahead of FOMC minutes By HareshMenghani NZDUSD RiskAppetite Bonds Fed Currencies
Read more »
BTC/USD Forex Signal: H\u0026S Pattern Point to Bearish BreakoutThe BTC/USD pair remained in a tight range slightly above a key support level as investors focused on the strong US dollar. Get our Bitcoin signal here:
Read more »
GBP/USD jumps back above 1.3500 mark, fresh daily high amid subdued USD demandGBP/USD jumps back above 1.3500 mark, fresh daily high amid subdued USD demand By HareshMenghani GBPUSD RiskAppetite Bonds Coronavirus Currencies
Read more »