Market Update – January 17 – USD Holds at 7-mth lows, Mixed data from China & UK
Trading Leveraged Products is risky Chinese GDP for 2022 at 3.0% missed expectations (5.5%) significantly and represented the slowest growth for the world’s second largest economy since 1976 and the end of the austerity of Mao Zedong. Q4 GDP beat expectations at 2.9% vs 1.8% but was still very weak. […]
Asia FX rises, Japanese yen hits over 7-mth high on BOJ speculation By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies advanced against the dollar on Monday, cheered largely by the prospect of smaller interest rate hikes by the Federal Reserve, while speculation over another hawkish move by the Bank of Japan pushed the yen to an over seven-month peak. The rose 0.4% to 127.32 against […]
Asia FX heads for weekly bounce, dollar at 7-mth low on easing inflation By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal Reserve’s hawkish stance, which also pushed the dollar to a seven-month low. The rose 0.1% against the dollar to an over seven-month high of […]