2022 is in the books and the final ranking of major currencies from strongest to weakest shows the USD as the strongest and the Yen as the weakest. Forex Major Currencies from Strongest to...
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China official PMIs: Manufacturing 47.0 (vs. prior 48.0) & Services 41.6 (prior 46.7)
December PMI from the China National Bureau of Statistics (NBS) and China Federation of Logistics and Purchasing (CFLP). Manufacturing 7.0 before 8.0 Services 1.6 before 6.7 Composite 2.6 before 7.1 Renewed with COVID-19 epidemic...
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USD/TRY TO ADVANCE NICELY TOWARD 22 BY END-2023 – SOCGEN
The lira has fallen 28.8% against the dollar and 23.7% against the euro this year, extending the downward trend into 2020. Economists at Société Générale expect USD/TRY to rise to 22 by the end...
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GBP/USD EXTENDS ITS REVERSAL TO 1.2020 IN A CHOPPY MARKET SESSION
The reversal of Pound at 1.2065 slips. 1.2020 area. Concerns about China and Ukraine dampened investor sentiment. USD , pared losses as US Treasuries jump. A reversion of £ , from the intraday high...
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USD/JPY down on the day as the post-BOJ consolidation continues
This is year-end trading and not the best time to watch market movements in a weakened liquidity situation. The dollar is slightly weaker today, with USD/JPY leading the downtrend as sellers wait for some...
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Results of digital yuan experiment „not ideal”, says former PBOC official
Xie expressed his disappointment with the result of the digital yuan trial in some provinces and cities, noting that „the cumulative circulation of the digital currency was only 100 billion pounds during the two...
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Germany December flash manufacturing PMI 47.4 vs 46.3 expected
Previous 6.2 Services PMI 9.0 vs 6.3 expected Previous 6.1 Composite PMI 8.9 vs 6.5 Previous 6.3 This is a modest improvement from November, underlining that the economic slowdown is visible from Germany. That...
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Dollar steadies as risk selloff starts up again
Safety flows are helping support the dollar and yen in European morning trade as risk sentiment turns sour again, with SandP 500 futures now down around 0 points, or 1.0%. The dollar was earlier...
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Sales below the surface still prevail in crypto
Failing to build on the rally, Bitcoin returned to levels seen two days ago, losing 1.2% in the last 2 hours to $16.5,000. Global markets were quiet due to US holidays and few major...
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UK Treasury says it’ll reform short selling regulation
The Ministry of Finance is carrying out a whole series of reforms. The , title comes via Reuters. In summary: Reform of the Short Selling Regulation Reform of the UK Prospectus Regulation Plans to...
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