FX Pairs at Critical Junctures Amid Renewed USD Strength
FX Pairs at Critical Junctures Amid Renewed USD Strength
Chinas Oil Imports Surge in Aug as Fuel Exports, Inventories Rise
Crude imports jump 30.9 from last year to 12.43 million bpd Natural gas imports up 22.7 from last year Refined fuel exports rise monthonmonth BEIJING, Sept 7 Reuters China39;s crude oil imports surged in August, customs data showed on Thursday, as refiners built inventories and increased processing to benefit from higher profits from exporting fuel. […]
Oil Falls on Concerns about China, Winter Demand
Mixed Chinese data, possibly weaker winter demand weighs API shows crude, gasoline stock fall market sources Coming up EIA data on U.S. crude stocks at 11 a.m. EDT SINGAPORE, Sept 7 Reuters Oil prices eased on Thursday as worries over demand due to a seasonal slowdown during winter and an uncertain economic outlook for China […]
Defensives Buoy European Stocks after SixDay Losing Run
STOXX recovers some ground Miners, tech lead losses German industrial orders fall in July Sept 7 Reuters European shares inched higher on Thursday after a sixday losing run, with defensive healthcare and utilities in the lead, as investors grappled with the prospect of U.S. interest rates staying elevated and a sharply slowing European economy. The […]
CAD Outlook seen Less Rosy as Chinas Economy Weakens
TORONTO, Sept 7 Reuters Analysts have cut their bullish nearterm forecasts for the Canadian dollar as China39;s economy weakens and the gap between U.S. and Canadian bond yields grows, but still expect the currency to be stronger in a year, a Reuters poll showed. The median forecast of nearly 40 foreign exchange analysts was for […]
The Greenback Remains on Bid Stocks Tank As Strong US Data Adds To The Possibility That The Fed Is Not Yet Done Hiking In 2023
PREVIOUS TRADING DAY EVENTS 06 September 2023 The key data yesterday was the ISM Services PMI report that beat expectations significantly coming in at 54.5 vs 52.5. The Dollar rally continued, supported by the Yield on 10year Treasuries rising again to 4.289, a nineday high. Expectations that the FED interest rate hikes for 2023 may […]
EM Currencies Face Uphill Battle as Dollars Supremacy Continues poll
BENGALURUJOHANNESBURG, Sept 7 Reuters Emerging market currencies will struggle to reclaim the ground lost this year, as high U.S. Treasury yields and safehaven demand amid a slowing Chinese economy keeps the dollar ascendant, a Reuters poll of FX analysts found. A stampede into the greenback pushed the wider index of emerging market currencies to its […]
Indias Nifty, Sensex Subdued; Small, MidCaps Extend Record Run
BENGALURU, Sept 7 Reuters Indian benchmark indexes inched lower on Thursday, weighed by worries that U.S. interest rates will remain higher for longer, while domestic focussed small and midcap indexes continued their record run. The Nifty 50 index and SP BSE Sensex were down 0.1, each at 19,591 and 65,807 at 1032 a.m. IST. The smallcaps and midcaps were […]
INR Flat Despite Weak Asia Peers on Bets of RBI Intervention
MUMBAI, Sept 7 Reuters The Indian rupee was largely unchanged on Thursday, shrugging off the decline on Asian peers and worries over oil prices on bets that the central bank will continue to defend the currency. The rupee was at 83.1450 to the U.S. dollar compared with 83.1325 in the previous session. The rupee will […]
Dollar Shines on Robust US Economy, Yen Skids to 10mth Low
SINGAPORE, Sept 7 Reuters A buoyant dollar pushed the yen to a 10month trough on Thursday and kept the euro and sterling pinned near threemonth lows, as investors placed their faith in a stillresilient U.S. economy even amid a dour global growth outlook. A lowerthanexpected fall in China39;s exports and imports numbers in August did little to […]