Economic News Category

DXY Falls Under 103.00 Amid Varied Sentiment, Anticipates Fed Minutes, US NFP The US Dollar Index (DXY), a measure of the US dollar’s strength against a group of other major currencies, has seen a significant drop, touching an intraday low of around 102.90. This downward shift continues the retreat from a three-week high observed the

Mid-Year Outlooks for APAC Sector Less Risky Due to China’s Recovery The mid-year outlooks for the Asia-Pacific (APAC) sector seem less risky, largely attributable to China’s economic recovery. This represents a significant pivot from previous predictions, highlighted by Fitch Ratings’ recent analysis of 47 mid-year sector outlooks in APAC. Of these, they classified 13 as

Bank of Japan’s Chief Defends Monetary Easing Amid Yen’s Decline Kazuo Ueda, the current head of the Bank of Japan, has publicly supported the institution’s continuous implementation of monetary easing policies, despite the ongoing depreciation of the yen. He justified this by pointing out that, although the headline inflation rate is above the set target

Xi Jinping of China Eases Foreign Investor Concerns Over Policy Uncertainties In a bid to alleviate concerns and uncertainties, Chinese President Xi Jinping has recently assured foreign investors of his government’s unwavering commitment to addressing economic issues and unpredictable policy-making. Amid a backdrop of global apprehension, Xi underscored China’s dedication to development, openness, and the

US Markets See Lower Close in Quiet Trading; Big Tech Pullback Impacts Nasdaq US indices showed varied performance in a subdued trading session. The Nasdaq index experienced a decline of over 1% as Big Tech companies retreated, making it the poorest-performing index of the day. Tesla shares took a significant hit, falling by 6% following