EUR/USD 1.16398
-0.031%
Gold 4603.11
-0.513%
Oil 59.986
-1.624%
USD/JPY 158.515
0.054%
GBP/USD 1.34328
-0.103%
GBP/JPY 212.936
-0.030%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 15th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.4550%, and the lowest was 0.8790%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.1530%, and the lowest was 1.0380%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.2570%, and the lowest was 1.0110%.AI application stocks in Hong Kong saw a partial rebound, with Zhipu (02513.HK) rising over 7%, MINIMAX-WP (00100.HK) rising nearly 2%, and 4Paradigm (06682.HK) and others following suit.The Security Council will hold a meeting on the situation in Iran on January 15 local time.January 15th - Alibaba held a product iteration launch event for Qianwen in Hangzhou on January 15th. It was announced at the event that the monthly active users of Qianwen on the C-end exceeded 100 million within two months of its launch.January 15th - According to Japanese media reports, Japans largest opposition party and its former ruling coalition partners are discussing deepening electoral cooperation and even considering the possibility of a future merger. The Asahi Shimbun reports that leaders of the Constitutional Democratic Party (HDP) and Komeito are scheduled to meet on Thursday to discuss cooperation in the snap election expected in early February. Komeito withdrew from its long-standing alliance with the ruling Liberal Democratic Party (LDP) several months ago. If the HDP and Komeito merge to form a new party, it could create a powerful opposition force to challenge Prime Minister Sanae Takaichi. HDP leader Yoshihiko Noda posted on social media platform X on Tuesday: "We and Komeito agree that there is no legitimate reason for dissolving the Diet. Both sides have reached a consensus on gathering centrist forces capable of forming a political party and confirmed that they will engage in high-level cooperation."

Despite caution, EUR/USD continues bids above 1.0250

Daniel Rogers

Aug 15, 2022 14:55

 截屏2022-08-15 上午11.34.43.png

 

After the US sent a delegation to Taiwan over the weekend, despite House Speaker Nancy Pelosi's contentious visit to the disputed island, which enraged Beijing, investors sought protection in government bonds and the dollar in the face of rising US-China threats.

 

Rates are also heavily influenced by the likelihood that the Fed will raise interest rates by 50 basis points (bps) in September as a result of easing US inflation pressures, with all eyes on the FOMC minutes due out on Wednesday for new information on the direction the world's most potent central bank will take its policy.

 

Despite a decline in rates and a sluggish demand for riskier assets in early Asian trades, the US dollar is holding up well. The US dollar index is trading at 105.61, unchanged from its previous close of 105.88 on Friday. Despite Wall Street's stellar performance, a substantial dollar increase was caused by stronger US Michigan Consumer Sentiment data and a dimming US inflation forecast.

 

As the European energy crisis gets worse, the gains in the common currency on the EUR side of the equation are likely to remain small. Germany is already suffering the most as a result of a decrease in Russian gas exports, which is wreaking havoc on the old continent. The Rhine's ebbing waters, which make transport along the river more challenging, could cause a recession in Germany.

 

By the end of the week, the reference level was predicted to drop below 40 centimeters in Kaub, a notorious shipping bottleneck where the Rhine flows shallow and narrow. One of the most significant goods shipped on the waterway is coal.

 

On both sides of the Atlantic, Monday's economic calendar features few noteworthy data releases. As a result, the main currency pair will continue to be influenced by the current market sentiment and dollar price action.

Suggestion