Chinese Yuan: China’s economic slowdown affects CNY compared to US Dollar
Analysts from Commerzbank, Charlie Ray and Dr. Henry Hao, noted a slowdown in China’s industrial profit growth, which reached 21.1% year-on-year in May. This decline, attributed to weak consumption and investment, signals a loss of momentum. They anticipate that the official PMIs for both manufacturing and non-manufacturing will begin to contract, even though Bloomberg’s consensus […]
David Casullo appointed to M&T Bank’s CNY Directors Advisory Council
M&T Bank Welcomes New Advisory Board Member M&T Bank has announced that David Cathro is the newest member of its 11-member Board Advisory Committee for Central New York. This advisory group is set to meet regularly to discuss various opportunities that impact businesses, customers, and communities in the Central New York area. Their role will […]
ForexLive Asia-Pacific FX news wrap: China leaves prime rates on hold, marks down CNY – ForexLive
New Zealand’s first quarter GDP data released today showed the country emerged from recession with growth of 0.2% quarter-on-quarter and 0.3% year-on-year, both better than expected. Growth details were weak. NZD/USD rose above 0.6145 on data release before giving back modest gains. A survey of Japanese businesses found that only 7% believe that Kishida’s promise […]
ForexLive Asia-Pacific FX news wrap: Verbal JPY intervention, & China state banks buy CNY – ForexLive
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