rate

The People's Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan…

Expectations of a major interest rate cut in September had lost steam after recent economic data showed that recession fears were just hype about nothing, but with the labor market now in the driver's seat of monetary policy, the August…

Most Asian currencies rose on Friday as continued bets on a U.S. interest rate cut put the dollar on track for a fourth straight week in the red, while the Japanese yen fell further amid improved risk sentiment. While the dollar rose from…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

Inflation is slowing, and at least one Federal Reserve official has said he is “open” to cutting interest rates at the central bank’s next meeting in September. "The Fed is not going to be able to do that," said Rafael Boucek, president…

23 out of 25 economists expect interest rates to be cut by 25 basis points next OctoberOf the remaining two banks, one expects a 50 basis point rate cut and the other expects no change.23 out of 25 economists expect the Reserve Bank of New…

Australian Bureau of Statistics data showed that Australia's seasonally adjusted unemployment rate rose from 4.1% to 4.2% in July. This is the highest level since February 2022! However, the components of the report actually point to a…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

The People's Bank of China sets the medium-term lending facility rate on the 15th of each month. The rate is currently 2.3%, after the People's Bank of China made a surprise interest rate cut on the 25th of last month!There is a widespread…

The Australian labour market report is due at 11.30am Sydney time.0130 GMT2130 EST (Wednesday)The unemployment rate is expected to remain steady at 4.1%. Yesterday, a special study conducted by Roy Morgan published its unemployment report…