FX


Markets edgy with eyes on Fed

Markets edgy with eyes on Fed

(ATF) Hong Kong: Asian markets barely held on to gains as edgy investors pared bullish bets ahead of the US Federal Reserve. Sentiment was also soured by off-the-chart GDP growth projections that revived inflation fears.There are also concerns that the Fed will reduce its bond purchase programme to reflect the …

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Dollar set for best week in three months but upside risk mooted 

Dollar set for best week in three months but upside risk mooted 

The dollar was headed for its best weekly gain in three months on Friday, lifted by growing confidence that the US economic recovery will outpace its global rivals.The dollar index touched a two-month high in Asian trade amid signs of resilience in the labour market, with closely watched US non-farm …

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Yuan gets an upgrade as China’s economy recovers

Yuan gets an upgrade as China’s economy recovers

(ATF) China's quick economic recovery has made it the only major economy to post growth in 2020, and the PBoC's reluctance to cut rates has analysts scrambling to raise their forecasts for the yuan.A spokesperson from the State Administration of Foreign Exchange has called for enterprises to be cautious about …

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China slowing the yuan's rise? Very doubtful

China slowing the yuan's rise? Very doubtful

(ATF) There was much ado on Bloomberg and other financial news services when the People's Bank of China (PBoC) announced last Saturday that financial institutions no longer need to set aside cash for risk reserves when purchasing foreign exchange for clients through forward contracts starting on Monday.The move was widely …

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