Yen was under pressure across the board in Asian session today as improved sentiment toward China and dovish domestic signals combined to sap demand for the safe-haven currency. Traders interpreted the latest Chinese inflation report and a surprise U.S. trade gesture as signs of stabilizing conditions, prompting flows back into risk assets. China’s October CPI […]
Canadian Dollar firmed sharply in early U.S. session after a surprisingly strong set of October employment figures. While the gains were largely driven by part-time positions, the sheer magnitude of the increase — a second consecutive month of robust job creation — underscores that momentum is returning to the Canadian economy even amid lingering trade-related
Global markets turned defensive again as risk aversion returned, led by a renewed wave of selling in technology shares. The U.S. tech rout, which rattled Wall Street overnight, spread to Asia, triggering broad weakness across regional equity markets. Japan was hit especially hard, with SoftBank and semiconductor names leading the decline. Traders noted growing anxiety
The latest ADP private employment report provided a modest dose of reassurance to the Fed, showing that U.S. job growth may be stabilizing after a period of softness. Following the data, Fed funds futures reflected roughly 70% chance of a December rate cut, up slightly from last week but still leaving room for doubt. Markets
Global markets tumbled on Wednesday as a renewed selloff in AI-linked stocks spread from Wall Street to Asia, driving a wave of risk aversion across assets. Nikkei and Kospi each fell nearly 3%, echoing the overnight decline in NASDAQ, which lost more than 2% as investors unwound positions in high-flying technology names. The correction comes
Dollar climbed across the board today, defying dovish rhetoric from Fed Governor Stephen Miran. The greenback’s resilience suggests that Miran’s influence on expectations is limited, with investors noting that he represents the dovish edge of a divided policy spectrum. The broader committee remains split. Kansas City Fed President Jeffrey Schmid argued recently against imminent rate
Trading was subdued in Asia today, with Japan closed for a public holiday and investors awaiting a series of major events later in the week. Aussie led mild gains, supported by positioning for a hawkish hold from the RBA on Tuesday. The British Pound, by contrast, stayed on the defensive as traders reduced exposure ahead
The manufacturing sector in China continued to expand in October, albeit at a slower rate, the latest survey from RatingDog revealed on Monday with a manufacturing PMI score of 50.6. That’s down from 51.2 in September although it remains above the boom-or-bust line of 50 that separates expansion from contraction. The lower headline index reading
Dollar’s rally gained momentum as markets headed into the final U.S. session of both the week and the month, supported by a fresh round of hawkish remarks from Fed officials. After a few days dominated by post-FOMC positioning, the greenback found renewed strength as investors reconsidered the likelihood of another rate cut in December. Kansas
Risk sentiment was mixed across Asian markets today, with Japan and South Korea extending record-breaking rallies while Chinese and Hong Kong stocks to underperformed. Nikkei 225 surged past the 52,000 mark for the first time, driven by strong momentum in the technology sector. Gains were led by heavyweight semiconductor and AI-related firms, buoyed by robust
Dollar extended its rebound as North American trading got underway, gaining further momentum following Wednesday’s hawkish Fed rate cut. The greenback’s strength came as markets continued to digest the Fed’s divided decision and Chair Jerome Powell’s pushback against expectations for another cut in December. U.S. Treasury yields also climbed, with the 10-year yield breaking above
PBoC’s language suggests policy shift on yuan – China economist – FX Markets Skip to main content End of drawer navigation content Central bank drops “cautious” from pronouncements on currency’s internationalisation More assertive language from the People’s Bank of China on renminbi internationalisation suggests a policy shift from the central bank, an economist tells FX
Optimism dominated Asian markets on Monday, with Japan’s Nikkei 225 surging to a fresh record high above the 50,000 mark. The risk-on tone carried through to U.S. futures, which pointed to another higher open as Wall Street looks set to continue its record-breaking run. In contrast, European markets lagged behind, trading mostly flat as regional
China’s industrial profits increased sharply in September despite continuing trade tensions with the US. Industrial profits advanced 21.6 percent in September from the previous year, data from the National Bureau of Statistics showed Monday. Profits logged its fastest growth since November 2023. The latest figure followed an increase of 20.4 percent in August. During January
A powerful risk-on wave swept through Asian markets at the start of the week, propelling commodity currencies higher as equities across Japan and South Korea surged record while China jumped to decade highs. The mood reflected growing conviction that the U.S.–China trade conflict is entering a phase of lasting calm. Following a “very good two-day
Canadian Dollar climbed across the board as markets enter into U.S. session, leading major currencies higher after domestic inflation data came in hotter than expected. Combined with this month’s firm employment figures, the data have made the case for a rate cut at the October 29 meeting a close call. While the BoC maintain an
Global markets traded with a mildly positive tone as investors entered the U.S. session on Monday, buoyed by some optimism that the prolonged government shutdown could end within days. U.S. top White House economic adviser Kevin Hassett said on CNBC that a resolution was “likely to end sometime this week,” citing signals from the Senate
