• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the Financial Times, US businesses are urging Trump to intervene in the EUs new consumer rules.On May 8, the Taiwan Affairs Office of the CPC Central Committee, the National Development and Reform Commission, and Fujian Province, together with relevant departments of 48 central and state organs, convened an inter-ministerial and provincial working conference in Beijing on the construction of a demonstration zone for cross-strait integrated development. The conference summarized the implementation of the "Opinions of the CPC Central Committee and the State Council on Supporting Fujian in Exploring a New Path for Cross-Strait Integrated Development and Building a Demonstration Zone for Cross-Strait Integrated Development," discussed key tasks for the next stage, and supported Fujian in taking greater strides in exploring a new path for cross-strait integrated development and building a high-quality demonstration zone for cross-strait integrated development.May 8th - According to the latest statistics from Flight Manager DAST, 30 China-Japan routes cancelled all flights in April, a decrease compared to March. However, the actual number of flights to Japan operated in April was 182 fewer than in March. A total of 1,543 flights from mainland China to Japan were cancelled in April, representing a cancellation rate of 37.7%.On May 8th, it was learned from industry sources that the Securities Association of China (SAC) recently officially launched a trial evaluation of securities companies performance in fulfilling the "five major tasks" of the financial sector in 2026. Previously, the SAC revised the "Special Evaluation Method for Securities Companies Performance in Fulfilling the Five Major Tasks of the Financial Sector (Trial Implementation)" and solicited opinions from the entire industry on the revised draft in March 2026. Judging from the official indicators issued for this trial evaluation, the SAC, while maintaining the overall framework of the evaluation system, has precisely implemented a combination of "addition" and "subtraction"—expanding the indicator dimensions to adapt to new market changes while eliminating redundant and repetitive items, resulting in a clearer and more distinct evaluation orientation. Compared to the previous draft for comments, the number of indicators in this trial evaluation has increased from 13 to 14, while the total evaluation score remains unchanged.On May 8, Hong Kong Chief Executive John Lee attended the 2026 Global Mediation Summit hosted by the International Court of Mediation. Lee pointed out that the national 15th Five-Year Plan explicitly supports the International Court of Mediation in playing a better role, which will consolidate Hong Kongs key role in peacefully resolving disputes through mediation. The Hong Kong SAR Government will continue to deepen its partnership with international mediation organizations, working together to promote Hong Kongs development into a global mediation center. The Hong Kong SAR Government sincerely invites governments, businesses, and investors from all countries to make full use of the mediation services provided by the International Court of Mediation in Hong Kong.

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.