The NZD/USD pair attracts some buyers to around 0.5770 during the early Asian session on Monday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) on renewed optimism around US-China trade talks. Investors will closely monitor the meeting between US President Donald Trump and Chinese President Xi Jinping in South Korea later on
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ECB’s Escrivá says current rates appropriate as inflation hits target. Bloomberg with the info. European Central Bank (ECB) Governing Council member José Luis Escrivá said the bank’s current policy stance remains well-calibrated, with inflation now back at the 2% target. Speaking to El Diario, Escrivá said he’s “satisfied” with the present level of borrowing costs
Hong Kong will on Monday release September figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In August, imports were up 11.5 percent on year and exports rose an annual 14.5 percent for a trade deficit of HKD25.4 billion. China will see September numbers for industrial profits; in August,
France’s already fragile government faces fresh turmoil after lawmakers delayed a key vote on a proposed wealth tax that could determine the fate of Prime Minister Sébastien Lecornu’s minority administration. Bloomberg (gated) with the info. Debate on the measure — a Socialist-backed amendment to the 2026 budget bill — was postponed late Saturday after discussions
Comments from both the US and China side were positive following two days of meetings between top trade negotiators. “I think we have a very successful framework for the leaders to discuss on Thursday,” US Treasury Secretary Scott Bessent told reporters. The leaders will meet in the week ahead with looming deadlines on Chinese rare
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Sunday read for investingLive.com. A reflection on ethics, AI, and what markets might price next. Page 36 of the book ‘MAHATMA, a Golden Treasure of Wisdom’ When Mahatma Gandhi warned about the craze for machinery, he did not reject progress. He rejected a mindset that allowed tools to serve greed rather than humanity. Replace the
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Trump is still crying about an ad that clearly captured how Ronald Reagan felt about tariffs. This is surely just some kind of squeeze to try to get a better tariff deal. Canada was caught, red handed, putting up a fraudulent advertisement on Ronald Reagan’s Speech on Tariffs. The Reagan Foundation said that they, “created
The GBP/USD softened as the dollar strengthened later this week, driven by major US and UK data releases. Traders price in a 25 basis point cut by the Bank of England by year-end. Traders await the FOMC rate decision and Powell’s commentary next week. The GBP/USD weekly forecast remains subdued as the pair consolidates near
Global markets resumed their risk-on momentum last week, buoyed by softer U.S. inflation data, easing political uncertainty, and renewed optimism over global trade. In the U.S., both DOW and S&P 500 climbed to fresh record highs after September CPI figures came in below expectations, cementing confidence that the Fed remains on track to deliver two
The S&P/TSX Composite Index rose by 0.6% to conclude the week at 30,353 on Friday, driven by a cooler-than-anticipated US inflation report that strengthened the likelihood of interest rate cuts by the Federal Reserve, sustaining a robust risk appetite among investors. This offset concerns earlier in the week regarding Canada’s trade situation. All nine sectors
EUR/USD is poised to finish the week with losses of 0.21% yet it remains above the 1.16 figure for the third straight day, capped on the upside by key resistance levels after US data might not deter the Fed from cutting rates. Euro supported by upbeat PMIs; Moody’s warning on France limits upside momentum Inflation
Russia’s central bank unexpectedly reduced its key interest rate for the fourth policy session in a row, citing high inflation expectations and lackluster growth, and signaled that monetary policy will remain tight for an extended period of time. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate by 50
The latest U.S. CPI report showed inflation still running 100 basis points above the Fed’s 2% target, with both headline and core readings at 3.0%. Yet, since that was slightly below the 3.1% consensus, traders viewed it as a modest relief. The data helped reinforce expectations that the Fed will cut rates by 25 basis
