EUR/USD 1.15486
-0.107%
Gold 4327.11
-0.386%
Oil 77.962
2.218%
USD/JPY 158.193
0.404%
GBP/USD 1.34847
-0.093%
GBP/JPY 213.323
0.311%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
SEOUL, Aug. 10 (Yonhap) -- Officials from South Koreas and Swedens nuclear regulatory agencies met on Monday to discuss policy and regulatory issues related to high-level radioactive waste disposal and small modular reactors (SMRs). The South Korean Nuclear Safety Commission stated that the meeting in Seoul was part of cooperation between the two countries based on a memorandum of understanding signed in 2014. Sweden is one of the countries with advanced technology for high-level radioactive waste disposal and is the second country in the world, after Finland, to build such a deep geological disposal facility. South Koreas nuclear regulatory agency stated, "We plan to further enhance South Koreas regulatory capabilities for high-level radioactive waste disposal facilities through cooperation with Sweden."The president of the New York Stock Exchange is optimistic about the pipeline of listings in Asia and globally, and believes the global listing boom will continue until 2027.Hong Kong stocks in the new consumption sector showed mixed performance, with Laopu Gold (06181.HK) rising over 7%, Mixue Group (02097.HK) rising over 4%, and Shanghai Auntie (02589.HK) falling over 20%.On August 10th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.1970%, and the lowest was 0.7060%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0280%, and the lowest was 0.9010%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0400%, and the lowest was 0.9010%.On August 10, the National Disaster Prevention, Reduction and Relief Commission and the Ministry of Emergency Management activated a Level IV national emergency response for disaster relief in response to the severe impact of Typhoon Dolphin (No. 13) on Zhejiang Province. A disaster relief working group was dispatched to the disaster area to assess the situation and guide and assist local authorities in disaster relief and assistance work, including disaster statistics and verification, resettlement and relief of affected people, and basic living security.

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

Alina Haynes

Apr 04, 2023 13:53

USD:CAD.png 

 

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.


Suggestion