EUR/USD 1.16798
0.061%
Gold 3351.06
0.090%
Oil 62.309
-0.235%
USD/JPY 148.080
0.156%
GBP/USD 1.35007
0.010%
GBP/JPY 199.923
0.172%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 13, Zhu Fenglian, spokesperson for the Taiwan Affairs Office of the State Council, stated at a regular press conference that direct cross-strait air transport has greatly facilitated cross-strait people-to-people and economic exchanges, playing an important role in enhancing the common interests and well-being of compatriots on both sides of the strait. Since its maiden voyage in November 2011, the ro-ro passenger and cargo ship "Haixia" has transported nearly one million passengers and over 38,000 tons of cargo. The resumption of direct cargo flights by the "Haixia" has been warmly welcomed by people on both sides of the strait. It should be noted that due to obstruction and restrictions imposed by the Democratic Progressive Party (DPP) authorities, the long-awaited direct cross-strait passenger flights have yet to resume. There are no obstacles from the mainland to the resumption of normal cross-strait passenger shipping routes. The DPP authorities should fully consider the demands of the people on both sides of the strait and shipping companies, and fully resume direct cross-strait passenger shipping as soon as possible.On August 13, Zhu Fenglian, spokesperson of the Taiwan Affairs Office of the State Council, stated at a regular press conference of the Taiwan Affairs Office that the Democratic Progressive Party (DPP) authorities, out of their nature of seeking "independence", have been constantly manipulating judicial and administrative means to create "green terror", obstructing exchanges and interactions between Hong Kong and Taiwan, Macao and Taiwan, and escalating confrontation. Their despicable tricks are doomed to fail.China Literature Group (00772.HK) rose nearly 15% during the session. China Literature Groups 2025 interim results showed that its revenue in the first half of 2025 was 3.191 billion yuan, and its net profit attributable to shareholders of the parent company reached 850 million yuan, a year-on-year increase of 68.5%.Japans chief trade negotiator Ryomasa Akazawa: If Ishiba runs for the Liberal Democratic Party leader again, I will support him.Deutsche Bank: Lowered the target price of Li Auto (02015.HK) from HK$145 to HK$143.

USD/CAD encounters resistance near 1.3580 as focus shifts to FOMC minutes

Daniel Rogers

Jan 03, 2023 15:20

 USD:CAD.png

 

After failing to surpass the immediate resistance level of 1.3580, the USD/CAD pair is exhibiting some volatility in the Tokyo morning session. The Canadian dollar is attracting bids due to a boost in investor risk appetite and a rise in oil prices.

 

As investors believe that the US Dollar Index will continue to underperform, risk-sensitive currencies are gaining traction. After giving up the crucial support level of 103.50, the USD Index saw a significant fall on Friday. In the interim, S&P500 futures have began trading on a positive note, signaling a reduction in risk.

 

This week, the Federal Open Market Committee (FOMC) report will be the focal point of attention. The minutes of the Federal Open Market Committee will explain why the Federal Reserve raised interest rates by 50 basis points (bps) in December's monetary policy meeting (Fed).

 

As they preview this week's US events, TD Securities analysts believe that the FOMC's December policy meeting minutes will shed fresh light on the Fed's policy outlook for 2023. According to analysts at TD Securities, by the time of the FOMC meeting in May, the terminal rate will be between 5.25 and 5.50 percent.

 

Investors will eagerly scrutinize the Canadian employment data that will be released on Friday. Analysts at TD Securities expect an 8,000 gain in employment in December as the labor market begins to deteriorate. The unemployment rate may decline to 5.2%, and the annual wage range may rise to 5.5%. A rise in pay growth may keep inflation at elevated levels.

 

In the interim, the price of oil has risen to over $80.50 per barrel as investors anticipate a drop in Covid-19 cases in China, which will restore economic development. Notably, Canada is the United States' leading oil exporter, and higher oil prices strengthen the Canadian Dollar.


Suggestion