Data released by the People’s Bank of China on Friday showed that the total amount of foreign currency deposits in and outside the country rose by nearly 40 billion U.S. dollars in January, marking the largest monthly increase since April 2021. The data indicated that both residents and non-financial enterprises increased such savings. The Bank […]
Investors are creatively betting on the differences in interest rate trends among major economies, seeking ways to hedge against dollar volatility and using European currencies to bet on the yen. Donald Trump’s trade tariff plan has brought uncertainty to the market, and the dollar’s strategy is facing a test. Investors are questioning whether the US […]
On the first day of the semi-annual congressional hearing on monetary policy, Federal Reserve Chair Jerome Powell reaffirmed that the Fed is in no hurry to cut interest rates and also restated that President Trump has no right to fire him or other Fed policymakers. When testifying before the Senate Committee on Banking, Housing and […]
Due to market concerns over the uncertain implementation effect of Trump’s subsequent tariff policies, while the US dollar has been rising, gold has also continued to set new historical highs. On Tuesday (February 11th), in the Asian market, the US dollar remained around 108.40, while the gold price refreshed a new historical high above 2940. […]
The US dollar rebounded from around 107.60 to the 108.40 level after the non-farm payroll report last Friday (February 7th), as the one-year inflation expectation in the US unexpectedly rose to 4.3% and the progress of Trump’s tariffs. The number of non-farm payrolls in the US dropped significantly in January, but the unemployment rate also […]
With yesterday’s hawkish remarks from the Bank of Japan, saying that interest rates may be raised to 1% in the second half of the year, the yen extended its recent strong performance, with the dollar/yen hovering near 151.60 on Friday (February 7). The price rebounded from the recent low of 150.96 at the overnight low, […]