Economy

Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year 0
- Economy
- January 20, 2023
Oil prices rose further on Friday, and were set to end the week higher as optimism over an eventual recovery in Chinese demand this year largely offset fears that a global economic slowdown will dent crude markets. Markets are betting on a strong boost to the Chinese economy from the week-long Lunar New Year holiday,
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Asia FX Weakens On recession Wo Yen Supported By Yield Cap Bets 0
- Economy
- January 19, 2023
Most Asian currencies retreated on Thursday as weak U.S. economic data pushed up fears of a potential recession, while the Japanese yen recouped most of its recent losses on speculation that the Bank of Japan may yet increase its yield control range. The yen was the best-performing Asian currency for the day, rising 0.5% to
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Aussie Falters on Soft Jobs Data, kiwi Calm After Ardern Resignation 0
- Economy
- January 19, 2023
The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data knocked the risk-sensitive currency, while the kiwi was little moved by the resignation of Prime Minister Jacinda Ardern. The Aussie eased 0.4% to 0.6910%, the softest level in one week, after hitting a five-month
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BOJ keeps Record-Low Rates Unchanged, Maintains Yield Curve Control 0
- Economy
- January 18, 2023
The Bank of Japan (BOJ) kept its benchmark interest rates unchanged as expected on Wednesday, and also maintained its current rate of yield curve control, ducking market expectations for more hawkish signals. The Japanese yen plummeted after the move, dropping over 2% to 130.75 against the dollar, while yields on benchmark Japanese government bonds slumped
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U.K. Unemployment Rose Less Than Feared in December 0
- Economy
- January 17, 2023
The U.K. labor market stayed stronger than expected in December, with the number of benefit claimants rising only moderately. At the same time, wage growth in November, the last month for which data are available, grew more strongly than expected, rising 6.4% on the year, according to the Office for National Statistics. The figures add
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China Q4 GDP Slows on COVID Woes, But Beats Expectations 0
- Economy
- January 17, 2023
The Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions caused by the country’s now relaxed zero-COVID policy weighed heavily on business activity, although the reading still beat expectations. Chinese gross domestic product (GPD) grew at an annualized rate of 2.9% in the three months
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