USD Gains Momentum
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
China September imports surpass expectations
In September, China's imports and exports inched up at a faster tempo than in the previous month, thus hinting that the world's number two economy is still extending at a healthy clip notwithstanding numerous forecasts of an eventual slowdown.
Imports in greenback-denominated terms tacked on 18.7% in September from 2016, surpassing experts’ estimates for a 13.5% expansion and speeding up from 13.3% in August, as customs data disclosed on Friday.
The revenue appeared to be firmer than the most optimistic estimates in a Reuters analysts survey.
Exports edged up 8.1% versus estimates of 8.8%, although surpassing August's 5.5%.
The firm September readings are going to be welcome news for China ahead of a crucial political leadership reshuffle next week, suggesting that President Xi Jinping will further tighten his grip on power.
China's imports were mainly led by industrial resources because a year-long construction boom offers no signs of flagging, spurring demand for materials from copper to steel.
Similar
NVIDIA to Become the Next Tesla
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Progress in US Debt Talks, Gold Is Down
Some progress in US debt ceiling talks is made, and the PMI data is out.
Latest news
No More US Debts in Sight
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
Gold Rises as Central Banks Buy More
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
US Evades Default This Time
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
