Online Forex broker
On Thursday, China's major bank lifted short-term interest rates in what economists told was a bid to stave off capital outflows and also keep the national currency steady after the Fed increased US rates overnight.
The leap in rates turned to be China's third in as many months, and it arose a day after the end of the annual session of parliament where leaders stressed that tackling risks from a rapid build-up in debt would be a number one policy priority this year.
Hours earlier, the Fed dared to increase its benchmark policy rate, as had been broadly expected, and indicated that more lifts were on the way as the American economy picks up steam.
The People's Bank of China has left its benchmark lending rate intact since an October 2015 drop, and Thursday's action shouldn’t be considered to be full-blown policy tightening, like that of the major US bank.
However, analysts and traders are assured that the PBOC is increasingly utilizing money market rates as well as other policy tools because it struggles to contain financial risks from years of debt-fueled stimulus and increase the costs for traders betting against the Yuan.
China nearly quadrupled the overall value of fixed-asset investment projects officially approved in July in contrast with June because the Chinese government ramped up infrastructure allocations for the purpose of stimulating surge in the world's number…
The US dollar index is lower today moving to 96.50. On Wednesday, the index tested levels near 97 but couldn’t stick there.
In July, Japan's export surge speeded down more than anticipated due to the fact that shipments to America kept tumbling for a second straight month…
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…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
