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Add as a preferred source on GoogleThe Chinese yuan ended the past year with a depreciation of almost 7 percent against the dollar. And this chart from Bloomberg shows that the demand for the dollar remains high across the forward curve. Currently, the Pe…
The Chinese yuan ended the past year with a depreciation of almost 7 percent against the dollar. And this chart from Bloomberg shows that the demand for the dollar remains high across the forward curve.
Currently, the People's Bank of China (PBoC) is defending the 7 per dollar level but that level is likely to get breached soon.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
