July 19, 2023 12:55 pm
Key points China growth support pledge reinforces oil demand prospects Macro data add to expectations Fed may be nearing end of tightening cycle US crude oil stocks decrease last week – API Futures on US West Texas Intermediate Crude Oil gained for a second straight day on Wednesday, supported by expectations that the Fed is […]
Read moreJuly 19, 2023 10:56 am
Key points Slower CPI deceleration in New Zealand underpins kiwi dollar, RBNZ rate cut prospects pushed further into future Australian employment data now in focus, to provide clues over RBA rate outlook The New Zealand Dollar was holding gains against its Australian counterpart on Wednesday, after the latest New Zealand CPI inflation report pushed investor […]
Read moreJuly 19, 2023 8:44 am
Key points Rupee edges down with Chinese Yuan as China recovery concerns weigh Equity inflows may cap Rupee losses India’s Rupee was a notch weaker against the US Dollar on Wednesday amid a Yuan-driven retreat in Asian currencies. The offshore Yuan was looking at a fourth straight day of losses against the US Dollar, undermined […]
Read moreJuly 18, 2023 12:42 pm
ProSiebenSat.1 announced on Tuesday that it would eliminate 400 full-time positions as part of a restructuring initiative focused on the company’s entertainment activities. “The aim is to achieve a more efficient structure, a competitive cost base, and processes clearly geared to digital transformation,” the German broadcaster said in a statement. The cost effects of the […]
Read moreJuly 18, 2023 9:23 am
Key points NZD/JPY retreats for a second day, trades near 1-month trough New Zealand Q2 CPI inflation figures eyed for rate outlook clues Bank of Japan meeting also on traders’ radar The New Zealand Dollar extended losses against the Japanese Yen on Tuesday, as market players awaited New Zealand’s quarterly CPI inflation report due out […]
Read moreJuly 18, 2023 7:27 am
Key points AUD/CAD slightly stronger, not far from recent 1-month high of 0.9056 RBA minutes reveal case for further policy tightening Canada CPI inflation data now eyed The Australian Dollar was slightly firmer against its Canadian counterpart on Tuesday, after the minutes of the Reserve Bank of Australia’s latest policy meeting did not offer any […]
Read moreJuly 17, 2023 2:07 pm
Key points Retailer H&M to expand to Brazil in partnership with Dorben Group Shares up 59% year-to-date after 2022 slump Sweden’s H&M said on Monday that it intended to launch stores and online trade in Brazil in 2025. To support the expansion there, H&M is teaming up with Dorben Group, which has retail operations in […]
Read moreJuly 17, 2023 12:16 pm
Key points WTI Crude extends losses from last Friday Weaker-than-expected Chinese GDP fuels demand worries amid sluggish recovery Output resumption at two key Libyan oilfields adds to pressure Futures on US West Texas Intermediate Crude Oil retreated for a second straight day on Monday, after disappointing Chinese economic growth data raised concerns about demand in […]
Read moreJuly 17, 2023 9:28 am
Key points USD/ZAR extends last week’s losses, hovers above 14-week trough South Africa CPI data for June in focus SARB expected to keep main rate intact at 8.25% in July The South African Rand edged up against the US Dollar on Monday, looking to extend the prior week’s gains, ahead of South African CPI inflation […]
Read moreJuly 17, 2023 7:16 am
Key points USD/INR falls after a 0.7% rally last week US Treasury yields surge on higher one-year inflation expectations China GDP growth well below market consensus India’s Rupee began the new week on the back foot against the US Dollar, following a 0.68% rally in the prior week, as US bond yields rose and weak […]
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