China’s FX reserves likely unchanged at February end
China's FX reserves are expected to have remained greatly unchanged at $3,230bn at the end of February 2016. The yen's and euro's appreciation against the US dollar has added more than $10 billion to the valuation of res…
China's FX reserves are expected to have remained greatly unchanged at $3,230bn at the end of February 2016. The yen's and euro's appreciation against the US dollar has added more than $10 billion to the valuation of reserves. It has also markedly reduced the depreciation pressure on the RMB by making it possible for the currency to remain greatly stable against the basket of currencies without declining too much against the dollar.
The USD/RMB stability and stricter capital controls in certain areas likely assisted in curbing capital outflows. Moreover, China's central bank policymakers have properly communicated their intentions to the market.
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…
