EUR/USD 1.16234
0.010%
Gold 4405.41
-0.155%
Oil 91.679
1.037%
USD/JPY 153.737
-0.396%
GBP/USD 1.35357
-0.032%
GBP/JPY 208.098
-0.423%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 8th - According to South Koreas *Economic Tribune*, Apple (AAPL.O) and Japans Kioxia have signed a long-term supply agreement (LTA) for NAND flash memory. The reports speculation on the memory market suggests the contract is for three to five years and may have no price cap. This implies that Apple, with its significant bargaining power in memory price negotiations, is prioritizing securing a stable supply of NAND flash memory over cost reduction.Samsung plans to use ASMLs (ASML.O) top-of-the-line lithography equipment for DRAM production by 2028.On September 8th, the Hong Kong Stock Exchange (HKEX) China Opportunities Forum 2026 was held in Shanghai. At the forum, HKEX Group Chief Executive Officer, Chen Yiting, stated that more and more international investors are diversifying their portfolios, focusing on the Chinese market with more certain growth potential, leading to a historic revaluation of Chinese assets. Chen noted that secondary market trading in Hong Kong has remained high this year, with the average daily turnover in the spot market exceeding HK$280 billion in the first eight months, a year-on-year increase of 14%. The Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect have operated steadily, and the derivatives market has also remained active. Regarding primary market financing, as of the end of August, 104 companies have listed on the Hong Kong Stock Exchange this year, raising over HK$340 billion, exceeding the total level for 2025. Meanwhile, the investor structure of Hong Kong stocks continues to optimize, with international cornerstone investors accounting for a high proportion of Hong Kong IPOs in recent years. Furthermore, the source of investors is becoming increasingly diversified, with long-term funds from the Middle East, Europe, North America, and other Asia-Pacific regions continuing to increase, in addition to traditional Asian investors.ASML (ASML.O): TSMC (TSM.N) plans to use ASMLs High-NA technology in mass production at advanced nodes starting in 2030.ASML (ASML.O): The transition to larger 12-inch photomasks is expected to further improve wafer fab production efficiency, reduce chip manufacturing costs, and eliminate splicing limitations.

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