South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data 
Yesterday, a report from Bloomberg that suggested that Chinese government officials, who are reviewing the country’s vast forex reserves of more than $3 trillion have made a comment suggesting that China might reevaluate its reserve strategy and trim the country’s purchase of U.S. Treasuries
. The report sent both dollar and treasuries tumbling as a change of policy in China, which is the largest holder of U.S. Treasuries to the tune of 1.2 trillion could have significant ramifications for the global markets.
However, China’s State Administration of Foreign Exchange (SAFE), which is the country’s foreign exchange regulator countered the claim in the report by calling it false or fake news. "The news could quote the wrong source of information, or maybe fake news," the State Administration of Foreign Exchange (SAFE) said in a statement published on its website.
Both Treasuries and the dollar recovered after the Bloomberg report was countered. The dollar index, which is the value of the dollar against a basket of currencies recovered all the yesterday’s loss and is currently trading at 92.5. The U.S. 10-year yield declined more than 5 basis points and is currently trading at 2.54 percent.
