• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the latest shareholding structure, the National Commercial Bank of the UAE has sufficient room for foreign ownership in the bank, allowing it to hold at least 51% of the shares.On December 31, the China Securities Regulatory Commission (CSRC) revised and issued the "Regulations on the Management of Sales Fees for Publicly Offered Securities Investment Funds." The regulations stipulate that for equity funds and mixed funds, the sales service fee should not exceed 0.4% of the funds assets per year; for index funds and bond funds, the sales service fee should not exceed 0.2% of the funds assets per year; for money market funds, the sales service fee should not exceed 0.15% of the funds assets per year; for other funds, the fee standards can be agreed upon with reference to the above fee levels. Except for money market funds and other funds approved by the CSRC, sales service fees shall not be charged to fund units held by investors for more than one year.On December 31, the General Office of the Shanghai Municipal Peoples Government issued the "Interim Measures for the Management of Flight Safety of Civil Unmanned Aerial Vehicles in Shanghai." The measures clarify that owners and users of civil unmanned aerial vehicles must register their information under their real names in accordance with the relevant provisions of the "Interim Regulations on the Management of Unmanned Aerial Vehicle Flights" and the "Shanghai Municipality Implementation Measures of the Anti-Terrorism Law of the Peoples Republic of China." According to the regulations, the use of civil unmanned aerial vehicles for commercial flight activities, as well as the use of small, medium, and large civil unmanned aerial vehicles for non-commercial flight activities, must be insured with liability insurance in accordance with the law.On December 31, Li Qiang chaired an executive meeting of the State Council, which reviewed and approved the "Draft Amendments to the Implementation Regulations of the Drug Administration Law of the Peoples Republic of China." The meeting pointed out that timely revisions to drug administration and supervision laws and regulations in accordance with changing circumstances are of great significance for ensuring the safety of medication for the public and promoting the healthy and orderly development of the pharmaceutical industry. It is necessary to improve the drug research and registration system, accelerate the review and approval of breakthrough therapeutics, and continuously stimulate the vitality of industrial innovation. It is also crucial to strengthen quality supervision throughout the entire supply chain and process, and severely crack down on illegal and irregular activities in the pharmaceutical field.December 31st - The US dollar is poised for its biggest annual drop in eight years, with investors saying it could fall further if the next Federal Reserve chairman chooses to cut interest rates as expected. Following its plunge after Trump announced a series of tariffs in April, the dollar faces continued pressure as the government actively pushes for the appointment of a dovish Fed chairman next year. Nomura Securities currency strategist Yusuke Miyairi stated, "The biggest factor affecting the dollar in the first quarter will be the Federal Reserve. This isnt just about the January and March meetings, but about who will be the Fed chairman after Powells term ends."

EUR/USD Is Likely to Fall Below 1.0850 Due to Ukraine Crisis and Hawkish ECB Minutes

Drake Hampton

Apr 08, 2022 10:11

  • EUR/USD is aiming for further loss as the DXY strengthens amid renewed talk of restoring neutral rates.

  • The common currency has been unable to benefit from hawkish ECB minutes and solid retail sales.

  • Members of the United Nations Human Rights Council voted in favor of Russia losing its associate status.

 

The EUR/USD pair is on a six-day losing run and is expected to extend losses on Friday as investors anticipate an escalation in the Ukraine issue following Russia's withdrawal from the United Nations (UN) Human Rights Council. The members of the United Nations Human Rights Council agreed to expel Russia after Russian separatists committed war crimes in Bucha, Ukraine. As world nations isolate Russia from key communities, Russian President Vladimir Putin may de-escalate progress negotiations with Ukraine, resulting in an escalation of the Ukraine issue.

 

Meanwhile, the hawkish minutes of the European Central Bank's (ECB) March monetary policy meeting have done little to bolster the common currency. The majority of ECB policymakers have backed swift action via monetary policy to rein in spiraling inflation. Apart from that, the ECB should terminate its Asset Purchase Program (APP) now that its declared purpose has been met.

 

Along with the hawkish ECB minutes, the shared currency has been unable to profit on the Euro Retail Sales' outperformance. Eurostat reported Retail Sales at 5%, up from the preliminary estimate of 4.8 percent but notably below the prior print of 8.4 percent.

 

On the dollar front, the US dollar index (DXY) is on the lookout for a catalyst that could propel the asset toward the much-anticipated resistance level of 100.00. Federal Reserve (Fed) policymakers have begun to consider restoring policy rates to neutral in the face of rising inflation and the goal of a self-sufficient economy.

EUR/USD

image.png