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On February 24th, the job search and recruitment platform Maimai released its "2026 Spring Recruitment: Top Four Hottest Industries" report. The report shows that since 2026, the number of newly posted AI-related positions on the platform has increased 14-fold year-on-year. Algorithm engineers, large-scale model algorithm engineers, and backend developers are the top three most sought-after technical positions. Non-technical positions are mainly concentrated in product, operations, and design. The AI industry, with its strong demand and leading salaries, has become the biggest hot spot for job seekers this spring. In addition, recruitment efforts from major internet companies, the gaming industry, and the autonomous driving industry have also continued to increase.Xiaomi Group (01810.HK): On February 24, the company repurchased 2.79 million Class B shares for approximately HK$100 million.According to Hong Kong Stock Exchange documents: Heng Intelligent Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.On February 24th, according to data from Qichacha, the Supreme Peoples Court recently issued a second-instance judgment in the patent infringement dispute between Luweimei and Unitree Technology. The court rejected all of Luweimeis claims and upheld the first-instance judgment that Unitree Technologys products in question did not fall within the scope of protection of the patent in question and therefore did not constitute infringement.Bank of England: Given limited demand, we will not make any changes to the evening CHAPS (Automatic Payment Clearing System) contingency window.

Near 1.3600, USD/CAD Meets Difficult Resistance Amid a Weak USD Index and Rising Crude Prices

Daniel Rogers

Mar 29, 2023 14:32

USD:CAD.png 

 

Near 1.3600, the USD/CAD pair encountered resistance during the Asian session. As the US Dollar Index (DXY) appears vulnerable to further losses below 102.40, the Canadian dollar appears to have a sturdy downside bias. The USD Index has found support near 102.40, but a retracement is likely as risk appetite improves.

 

The USD Index is under intense pressure as a result of the decline in U.S. banking concerns. As reported by Reuters, US House Speaker Kevin McCarthy stated in an interview with CNBC on Tuesday that "at this time" there is no need for universal insurance on all bank deposits, reviving concerns of a banking crisis in the United States.

 

Tuesday's S&P500 futures remained predominantly constrained in response to House Speaker Kevin McCarthy's remarks. The Federal Reserve (Fed) is expected to maintain a consistent tone when announcing its interest rate decision at its May monetary policy meeting, despite the optimistic market sentiment.

 

In the interim, demand for U.S. government bonds remained low due to investors' expectation that the nation will emerge from its banking crisis sooner. This led to a rise in 10-year US Treasury yields to 3.57 percent.

 

According to Bloomberg, the Canadian Dollar remained volatile on Tuesday after Finance Minister Chrystia Freeland's announcement that dividends received by financial institutions from holding domestic equities will be considered business income. This will generate billions in tax revenue from banks and insurance firms that receive dividends from Canadian corporations.

 

Due to a weakening US Dollar and expectations of additional sanctions against Russia, the price of oil has risen to close to $74.00 on the energy front. The US Energy Information Administration (EIA) oil inventory data will be attentively monitored for additional guidance. As anticipated, the US EIA will report an increase of 0.187 million barrels in oil stocks for the week ending March 24.

 

Notably, Canada is the leading oil exporter to the United States, and rising crude prices would strengthen the Canadian Dollar further.

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