Day: September 12, 2023
The British pound, paired with the US dollar, is gearing up for a torrent of statistical information. The current GBPUSD exchange rate stands at 1.2511. The pound is hovering near its three-month lows, with investors eagerly anticipating a substantial volume of statistical data releases, including the monthly GDP report and employment market updates. At the […]
The Japanese yen, paired with the US dollar, still appears weak but is currently stabilising. The current exchange rate for USDJPY stands at 146.68. The basis for the recovery of JPY positions is the local weakening of the US dollar. Even if it is just a brief respite, it holds great value for the yen. […]
Wages Rise Again Focus is back on the BOE today after the latest set of UK employment data released this morning. The Office for National Statistics reported that average wages (excluding bonuses) rose 7.8 % higher in the three months through July when compared with the same period a year earlier. This marks the fastest […]
Investors have taken a more positive view of the systemic risk situation in China following news that the major Chinese developer Country Garden has been granted a deferral of coupon payments on some medium-term bonds. This development has lifted investor sentiment in global markets, with Asian stocks reacting optimistically to the news from China today. […]
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