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On Thursday, China's major bank had money market rates lifted because the government sought to diminish financial risks without affecting the national economy, as activity was still broadly firm.
For the last months the world's number two economy has started cooling amid a government crackdown on high-risk lending as well as polluting factories, not to mention the move by the country’s major bank - coming hours after an expected Fed rate lift – indicated that the Chinese authorities will keep policy tighter in 2018.
A bunch of reports on the day highlighted the economic influence of government efforts to wean the Asian country off its years of a strong addiction to debt, with investment, industrial output and property market all supporting evidence of a moderation in momentum.
Market experts told that the PBOC rate lifts, widely considered to be a backdoor approach neutralizing the necessity to lift benchmark policy rates, won’t impede activity, although they pointed to the government’s commitment to keep curbing leverage.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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