PBOC sets USD/CNY reference rate at 7.1893 vs. 7.1876 previous
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.1893, slightly higher than the previous 7.1876, signaling a subtle adjustment in the central bank’s currency management strategy. This move comes as China navigates global economic pressures and maintains a cautious stance on exchange rate fluctuations. The marginal increase suggests the PBOC’s commitment […]
Oil Drifts in Slow Year-End Trade as Investors Weigh 2025 Risks
Oil prices remained stable in subdued year-end trading, as investors assessed potential risks in the global economy heading into 2025. Market activity was muted, with traders reluctant to make bold moves amid lingering concerns over global demand and the impact of central bank policies on economic growth. Brent crude hovered around $80 per barrel, reflecting […]
Japanese Stocks Rise After Fresh Weakness in Yen: Markets Wrap
Japanese stocks rose sharply as the yen weakened further against the dollar, bolstering export-driven sectors. The benchmark Nikkei 225 gained momentum, reflecting investor optimism as a softer yen enhances the competitiveness of Japan’s export-heavy companies. Key players in the automotive and technology industries, such as Toyota and Sony, saw notable gains. The yen’s slide, reaching […]
BoJ Summary of Opinions: Member suggests scrutinizing data before adjusting monetary support
A Bank of Japan (BoJ) member has called for a cautious approach to altering the central bank’s monetary policy, emphasizing the importance of scrutinizing economic data before making adjustments. This perspective, revealed in the BoJ’s Summary of Opinions, underscores growing internal debates over the future of Japan’s ultra-loose monetary policy. While the BoJ has faced […]
USD/JPY holds below 158.00 after Tokyo CPI inflation data
The USD/JPY pair remained below the 158.00 level on Wednesday, as fresh Tokyo CPI inflation data suggested a slight cooling in price pressures. Core consumer prices in Tokyo, a leading indicator of Japan’s nationwide inflation, rose 2.9% year-over-year in December, down from 3.3% in November and marking a slowdown for the second consecutive month. The […]
Breaking: Japan’s Tokyo CPI inflation rises to 3.0% YoY in December vs. 2.6% prior
Inflation in Tokyo accelerated to 3.0% year-on-year in December, exceeding November’s 2.6% gain. This unexpected uptick underscores persistent price pressures in the world’s third-largest economy, driven by higher energy costs and sustained consumer demand. The Tokyo CPI, often seen as a bellwether for national trends, signals that Japan’s central bank may face increased challenges in […]
AUD/USD weakens to near 0.6200 amid thin trading
The AUD/USD pair fell closer to the 0.6200 mark on Wednesday as low trading volumes and heightened risk aversion weighed on the Australian dollar. The decline came amid muted activity in global markets, with investors cautious ahead of year-end holidays and key U.S. economic data. Weak sentiment in equity markets and fears of slowing global […]
Six Bitcoin mutual funds to debut in Israel next week: Report
Israel is set to debut six Bitcoin mutual funds next week, signaling growing institutional interest in cryptocurrency investments. These funds, approved by the Israeli Securities Authority, aim to provide a streamlined entry point for investors seeking exposure to Bitcoin’s volatile but potentially lucrative market. This move aligns with global trends as financial institutions increasingly integrate […]
Most Asian stocks rise amid thin holiday trading: markets wrap
Asian stocks edged higher on Tuesday as holiday trading volumes remained subdued. Japan’s Nikkei 225 gained 0.5%, supported by gains in export-driven sectors, while Hong Kong’s Hang Seng Index rose modestly by 0.3%, driven by a rebound in technology shares. Investors appeared cautious ahead of economic data releases later this week, adding to the restrained […]
Floki DAO floats liquidity provisioning for a Floki ETP in Europe
Floki DAO is making strides toward the European market by proposing liquidity provisioning for a Floki Exchange Traded Product (ETP). The move is part of an ongoing effort to strengthen the presence of Floki, a cryptocurrency inspired by memes but increasingly positioning itself as a legitimate contender in the digital asset ecosystem. The DAO aims […]