Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
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Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
USD/CNY chart - Trading View
China's official manufacturing PMI data released earlier on Wednesday showed China's manufacturing sector has slipped back into contraction.
China's August Caixin manufacturing PMI fell to 49.2, missing forecasts at 50.2 and compared to July’s 50.3 reading.
Data followed the official the National Bureau of Statistics (NBS) manufacturing PMI on Tuesday which also fell to 50.1 in August from 50.4 seen in July.
Downbeat Chinese PMI data raises concerns about China’s slowing economic growth and regulatory changes.
Data suggests that recovery momentum in the world's second-biggest economy has weakened as high raw material prices, COVID-19 curbs hurt economy.
"The worse-than-expected August PMIs add conviction to our view that the growth slowdown in H2 could be quite notable," said analysts at Nomura.
"We expect Beijing to maintain its policy combination of 'targeted tightening' for a few sectors, especially the property sector and high-polluting industries, complemented by 'universal easing' for the rest of the economy," they note.
Market Impact: (0510 GMT)
USD/CNY pair inched up 0.04% to 6.4630
AUD/USD rangebound at 0.7313
NZD/USD slips lower from session highs at 0.7055 and was trading 0.04% lower at 0.7037
