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On May 27, according to Saudi media Alhadath, Bagheri, Deputy Secretary of Irans Supreme National Security Council, stated that Iran and Oman are currently negotiating to determine a new mechanism for passage through the Strait of Hormuz. The conditions and arrangements for passage through the Strait of Hormuz will differ from those before the war. Bagheri also stated that indirect communication between Iran and the United States continues.May 27th - The global artificial intelligence industry has accelerated its development this year, driving my countrys computing power services, smart hardware, and related products and services to the international market. Foreign trade growth across the country is showing a stronger "intelligence content." In Shantou, Guangdong, leveraging the "data processing" policy pilot program, large-scale model calls initiated by overseas users can enter a dedicated zone through compliant links. After inference calculations and token consumption are completed in the local data center, the data is then returned to overseas clients via submarine optical cables. Last month, the first nationwide full-link verification of token (word) export was completed here. From 100 million token calls per day at the end of April to tens of billions of token calls per day now, Shantous "token export" call scale has grown rapidly in less than a month. Behind the export of computing power services is the simultaneous improvement of my countrys computing power infrastructure and hardware supply capabilities. In Shenzhen, a batch of palm-sized microcomputer hosts are becoming "lightweight computing power bases" for large-scale overseas game design and local AI inference scenarios. Currently, the shipment volume of microcomputers here accounts for about 15% of the global market.On May 27, according to the Islamic Republic News Agency (IRNA), Bagheri, Deputy Secretary of Irans Supreme National Security Council, traveled to Moscow to attend the 14th International Conference of Senior Security Officials. During his time in Moscow on Wednesday, Bagheri met with South African Minister in the Presidency, Kumbuzo Nichawi, to discuss bilateral, regional, and international issues.On May 27th, it was learned from the China Meteorological Administration that the temperature index series for the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta, jointly developed by the National Meteorological Information Center, Fudan University, and the Guangzhou Futures Exchange, was officially released today. This series targets the two core economic zones of the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta, providing data support for the research and development and market launch of weather-related products. It will also help weather-sensitive industries such as energy, power, agriculture, tourism, healthcare, and insurance manage weather risks and enhance the real economys ability to cope with climate change.On May 27th, Kuaishou (01024.HK) released its Q1 2026 results. The report shows that in Q1 2026, online marketing service revenue reached RMB 19.6 billion, a year-on-year increase of 9.3%; among which, domestic online marketing service revenue increased by more than 10% year-on-year. As of the end of March 2026, the peak daily marketing spending for comics on the Kuaishou platform exceeded RMB 20 million, and AIGC short video marketing materials contributed 10.0% of the platforms total online short video marketing spending. In Q1 2026, in terms of e-commerce marketing services, we attracted more brand merchants and SMEs to join. The number of merchants with active marketing campaigns increased by 38.0% year-on-year, and the marketing spending of brand merchants increased by 42.0% year-on-year, supporting the GMV growth of their self-operated business across all scenarios.

USD/CAD Bears In Control And Aiming At Support Zone Lows

Alina Haynes

Apr 04, 2023 13:53

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The USD/CAD exchange rate is unchanged on the day after a succession of negative impulses drove the price into new territory to the downside and deeper into a support region as a result of the oil price rally. The USD/CAD exchange rate was 1.3431 at the time of writing.

 

Monday's 6.3% rise in West Texas Intermediate WTI crude oil to an intraday high of $81.51 strengthened the CAD. The oil price surged after the OPEC+ cartel surprised the market with a production cut of 1.1 million barrels per day to support prices, with the cartel announcing that it will reduce output prior to Monday's ministerial meeting.

 

Analysts at TD Securities observed that the Bank of Canada's Business/Consumer Surveys painted a more dovish picture ahead of the April BoC meeting, with a marked improvement in capacity pressures and consumer inflation expectations.

 

Analysts noted that firm-level inflation expectations continue to be elevated and that consumer growth and income expectations have also increased since the fourth quarter.

 

''The Bank of Canada should be pleased with these results, which indicate a decline in capacity pressures and a moderation in inflationary pressures. However, inflation expectations remain a formidable impediment to near-term relief. If growth does not decelerate substantially in the second quarter, it may be difficult for the Bank of Canada to keep rates at 4.50 percent. Analysts believe that the report is optimistic for CAD.