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The Polish military stated that ground-based air defense systems and radar reconnaissance have resumed normal operational activities. No violations of Polish airspace have been recorded.On September 19, the European Union issued a statement expressing regret over the United States decision to deny visas to members of the Palestinian delegation for the second consecutive year, preventing them from attending the 81st session of the United Nations General Assembly in New York. The EU urged the US to reconsider its decision, given the existing headquarters agreement between the US and the UN and the obligations the US has as the host country.Polish military: Military air operations conducted in Polish airspace in response to Russian attacks on Ukraine have ended.On September 19th, European technology companies and government officials have recently expressed their concerns, questioning whether the proposals by some US artificial intelligence (AI) companies to slow down AI development under the guise of security are "self-serving," arguing that their true aim is to consolidate their own advantages and suppress competitors. European AI companies, including Frances Mistral AI, have expressed their opposition to the proposals from US companies. Mistral stated in a statement: "Some leading companies in the industry are using the current situation to consolidate their market position and push for regulations that favor themselves and suppress competitors." Raphael Aufon, COO of a Swiss company, commented on the US proposals at a technology event in Paris, saying, "This is entirely self-serving; they just want to maintain the markets dependence on their own services." Ben Brooks, head of public policy at the German AI startup Black Forest Labs, stated that artificially created barriers to entry that widen the gap between large AI companies and new entrants will stifle innovation in cutting-edge fields.On September 19th, it was learned from the China Enterprise Reform and Development Research Association that the "2026 China Environmental and Social Governance Development Observation Report" has been officially released. The report shows that the first batch of mandatory disclosure entities have achieved full compliance with timely disclosure requirements, and the quantity and quality of disclosures by A-share listed companies have steadily improved. Data shows that as of April 30, 2026, all 430 mandatory disclosure entities in the first batch completed their 2025 environmental and social governance reports on time, achieving a 100% compliance rate. More than 2,700 A-share listed companies released their 2024 environmental and social governance reports, with a disclosure rate of 49.81%, nearly double that of five years ago. Meanwhile, over 80% of companies disclosed their sustainable development governance frameworks, and the disclosure rates for topics such as pollutant emissions and the circular economy both exceeded 90%. The greenhouse gas emission disclosure rate has risen for three consecutive years to 76.93%. The national carbon market has completed its first expansion, with steel, cement, and aluminum smelting included, covering approximately 60% of the countrys carbon dioxide emissions, and is expected to move towards 80% by the end of the 15th Five-Year Plan period.

As Investors Anticipate a 25 Basis Point Fed Rate Hike, USD/CAD Corrects To Near 1.3700

Daniel Rogers

Mar 22, 2023 15:17

USD:CAD.png 

 

The USD/CAD pair is evidencing a corrective movement after failing to sustain a recovery above 1.3740 during the Asian session. Following a decline in Canada's inflation data, the Canadian dollar rebounded strongly from Monday's level of 1.3660. The falling Canadian Consumer Price Index (CPI) data confirmed that the Bank of Canada (BoC) could maintain its current policy stance.

 

Governor Tiff Macklem of the Bank of Canada maintains the status quo because he believes that the monetary policy is sufficiently restrictive to achieve price stability. However, BoC Macklem has left the door open for additional increases if the plan for reducing inflation fails.

 

Statistics Canada reported that the monthly inflation rate has increased by 0.4%, which is less than both the consensus estimate of 0.6% and the previous release of 0.5%. The headline CPI declined from 5.4% (consensus) and 5.8% to 5.2%. (previous release). The annual core CPI, which excludes the costs of fuel and food, decreased to 4.7% from 5.0%, but remained above the 4.4% forecast. The Bank of Canada, which has already increased interest rates to 4.5%, found the overall decline in inflation to be quite impressive.

 

In the interim, S&P500 futures are performing unfavorably after two days of intense buying. The odds favor the Federal Reserve increasing interest rates by 25 basis points (bps) for the second consecutive meeting. (Fed). As concerns of banking sector turmoil persist, the US Dollar Index (DXY) struggles to maintain its position above 103.20. In addition, analysts from UBS believe that tighter credit standards, economic contraction, and falling inflation could prompt the Fed to reduce interest rates this year.