Asia FX Edges Higher, Korean Won Surges Even As BOK Holds
Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with the won appreciating sharply even as the Bank of Korea held interest rates after 18 months of hikes. The South Korean won rose
Taiwan Exports Seen Contracting For Fifth Straight Month in January: Reuters Poll
Taiwan’s exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and the COVID situation in China impacting tech demand, according to a Reuters poll. Taiwan, a global
China Q4 GDP Slows on COVID Woes, But Beats Expectations
The Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions caused by the country’s now relaxed zero-COVID policy weighed heavily on business activity, although the reading still beat expectations. Chinese gross domestic product
Dollar Weakens in Wake of CPI Release; Yen Climbs Ahead Of BOJ
The U.S. dollar edged lower in early European trade Friday, continuing the previous session’s selloff after cooling U.S. inflation opened the way for the Federal Reserve to ease the pace of its interest rate hikes. At 03:05 ET (08:05 GMT), the US Dollar
Oil rally Stalls on Weak Chinese Data, Uncertainty Over OPEC Cut
Oil prices were muted on Thursday, cutting short a three-day rally after data highlighted growing economic cracks in major crude importer China, while markets also speculated over whether the OPEC’s last meeting for the year will result in a supply cut. Chinese manufacturing
US LABOUR REPORT TO SET THE TONE FOR COMMODITIES MARKETS, DOLLAR INDEX
Commodities may see increased volatility next week as well with the return of Chinese markets from Golden Week Holiday Commodities remained volatile amid fresh supply tightness concerns, prolonged inflation worries and Fed’s commitment to tame inflation despite fears of recession Recent comments by
वर्ल्ड इकोनॉमिक फोरम की दावोस में होने वाली बैठक कोरोना के कारण टाली गई
वर्ल्ड इकोनॉमिक फोरम (World Economic Forum) की स्विट्जरलैंड के दावोस में होने वाली बैठक टाल दी गई है. कोरोना के ओमिक्रॉन वैरिएंट के बढ़ते खतरे के बीच यह फैसला लिया गया है. फोरम ने एक बयान में कहा कि महामारी के बढ़ते प्रकोप
Dubai 22K gold price touches Dh200 a gram for first time in nine years
Dubai: The official gold rate in Dubai has touched Dh200 a gram for the first time in nine years. Anyone buying gold now – few are – will also have to fork out an additional 5 per cent on that. “Gold’s turning super-hot
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