Despite hitting a new high, CADJPY remains within a consolidative range, signaling a lack of clear direction. The pair reached a high of 112.46, its highest level since the beginning of 2008, but has struggled to maintain momentum above 112.00. The upcoming Bank of Canada (BoC) rate decision at 13:45 GMT is expected to be
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The Indian Rupee (INR) has shown a loss in its recent gains due to renewed demand for the US Dollar (USD). Despite this setback, factors such as Dollar sales from banks, lower crude oil prices, and India’s strong economic growth prospects are expected to help limit the downside for the INR. The upcoming US March
The New Zealand Dollar has been making strides against the US Dollar, attempting to break above the key resistance level of 0.6000. The recent positive movement started from the 0.5940 zone and successfully cleared obstacles around 0.5990 and 0.6000. A significant breakthrough was the crossing of a major bearish trend line with resistance at 0.5990.
In a recent announcement, Chinese video games giant NetEase revealed its partnership with Microsoft to reintroduce popular games like “World of Warcraft” back to China. This collaboration comes after a previous fallout that led to the end of a decade-long partnership between NetEase and Blizzard Entertainment. According to the press release, both NetEase and Microsoft
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China’s economy is facing significant challenges, with the need to boost economic activity and convince people that home prices are on the rise. This article will delve into the key issues and obstacles that China is currently grappling with, as well as the potential solutions that experts are advocating for. Richard Koo, chief economist at
The prospect of a higher-for-longer rate path could have significant implications for consumers. An increase in interest rates would result in higher borrowing costs, ultimately affecting disposable income. This, in turn, could potentially dampen consumer spending and curb demand-driven inflation. The overall outlook on the economy would be influenced by these downward trends in disposable
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One of the key points emphasized in the information provided is the importance of performing due diligence before making any financial decision. It is crucial for individuals to conduct their own research, exercise discretion, and seek advice from competent advisors. This ensures that one fully understands the risks involved in any investment and can make
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The Japanese yen is currently facing a significant decline against the US dollar, with the USD/JPY pair hovering around the 151.88 mark. While the US dollar itself is experiencing some instability due to fluctuations in Treasury bond yields, the yen is under pressure for other reasons. One of the main factors contributing to the yen’s