Upbeat data of China's inflation released during early Wednesday did not support the Aussie. China’s Consumer Price Index (CPI) was same as previous month maintained at 0.6% while rising-0.2% YoY versus -0.6 % expected. Adding to it, the Producer Price Index (PPI) followed the suit with a record of 1.7% versus 0.7% forecast. It should [...]
The yen’s woes continue, as the US dollar continues to beat up on the Japanese currency. The main catalyst behind the recent strength of the US dollar has been the recent rise in US Treasury yields. While the 10-year bond climbed to 1.60% earlier on Monday, 30-year bonds has rose to 2.31%. The Japanese yen [...]
As per new research published on Monday, The United Kingdom lost market share in the United States, Germany and China during the COVID-19 pandemic due to global trade chaos, Brexit and poor productivity. And as per the report by Aston University’s Lloyd’s Banking Group Centre, The United Kingdom performed particularly badly due to a long-term [...]
Fundamental view: The US dollar has rallied again against the Japanese yen. The interest rate differential between the United States and Japan, is the main driver of this market. Non-Farm Payroll numbers coming out, and that of course can cause a lot of noise in this pair. US ISM Manufacturing Prices Paid on 1st March and Japan [...]
