Australian Dollar remains weak after PBOC decision.
The Australian dollar stayed relatively low against the US dollar on Tuesday, despite some slight improvements in the previous day. The AUD/USD pair continues to show weakness after the People’s Bank of China declared on Tuesday that it would maintain the Loan Prime Rate (LPR) at 3.00% for the one-year rate and 3.50% for the […]
Australian Dollar stays weak as PBoC holds LPRs steady
The Australian dollar declines after the People’s Bank of China maintains its one-year loan prime rate at 3.00%. The AUD is under additional pressure from ongoing trade tensions between the US and China. The US dollar remains steady, supported by strong economic data that offsets any Fed rate cut expectations. The Australian Dollar (AUD) fell […]
Forex Update: RBA and PBoC lower interest rates, focusing on Canadian inflation statistics
News Brief for May 20th The Reserve Bank of Australia (RBA) and the People’s Bank of China (PBOC) both introduced interest rate cuts early Tuesday, which wasn’t exactly unexpected. Meanwhile, the US Dollar (USD) is finding it tough to hold its ground as market sentiment leans towards caution. Later, Statistics Canada will unveil the Consumer […]
Asian Stocks, Europe Futures Rise on PBOC Stimulus: Markets Wrap – Yahoo Finance
(Bloomberg) — European stocks tracked gains in Asia after the People's Bank of China announced a series of stimulus measures to bolster economic growth. Most read articles on Bloomberg The Stoxx Europe 600 index rose 0.9%, led by gains in sectors highly dependent on China, such as miners, luxury goods makers and automakers. Brent crude […]
Australian Dollar advances despite Fed caution, awaits PBoC Interest Rate Decision – FXStreet
The Australian dollar rose after new job creation rose more than expected in August. Australian employment change increased by 47.5K in August, beating the consensus forecast of 25.0K. The Federal Reserve's significant interest rate cuts demonstrate its determination to protect the labor market and protect the economy from recession. The Australian Dollar (AUD) has recovered […]
PBOC halts gold buying spree, prices drop over $50/oz By Investing.com – Investing.com
Investing.com — The People’s Bank of China (PBOC) reported no change in its gold reserves in May in data released Friday, bringing to an end a year-and-a-half-long gold-buying frenzy. The rally that saw gold prices reach new record highs was dependent on central bank purchases, particularly from China, which caused the price of gold to […]
PBoC buys gold for 18th straight month, but April also marked second month of sharply lower purchases – Kitco NEWS
(Kitco News) – The People’s Bank of China (PBoC) added to its bullion reserves for the 18th consecutive month, but April was the second consecutive month of dramatic volume declines, leading to record high prices. suggests that it may finally be updated. Exacerbating central bank gold worries. The amount of gold purchased by the People’s […]