News
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US Dollar Index edges higher to near 97.50 ahead of PMI data, Powell’s speech
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is trimming its recent losses from the previous session and trading around 97.40 during the early European hours on Tuesday.Fxstreet
Tue, Sep 23
Euro zone bond yields slightly lower ahead of PMIs
LONDON, Sept 23 (Reuters) - Euro zone bond yields were slightly lower on Tuesday before the release of data on the region's business activity and heavy government bond issuance. Germany's 10-year yield DE10YT=RR, the euro zone benchmark, was last down 1 basis point (bp) at 2.737%. Germany...Reuters
Tue, Sep 23
Some Chinese firms pretend to comply with mandated social insurance payments as business struggles
China pushes firms, workers to fully pay into social insuranceNational pension fund could run dry by mid-2030s-CASS report Some firms brand wages as 'subsidies' to evade insuranceStrict enforcement risks hurting small firms, already weak consumptionSurvey finds only 1/3 of firms fully compli...Reuters
Tue, Sep 23
AUD/JPY falls below 97.50 as Australia’s PMI data show slowing growth
AUD/JPY continues to lose ground for the third successive session, trading around 97.30 during the Asian hours on Tuesday. The currency cross depreciates as the Australian Dollar (AUD) loses ground following the release of the preliminary Australia’s S&P Global Purchasing Managers’ Index (PMI) data.
Fxstreet
Tue, Sep 23
When are the HCOB German/ Eurozone flash PMIs and how could they affect EUR/USD?
The German and Eurozone have the preliminary Purchasing Managers’ Index (PMI) data for September to be released by S&P Global and Hamburg Commercial Bank (HCOB) on Tuesday, later this session at 07:30 and 08:00 GMT, respectively.
Fxstreet
Tue, Sep 23
EXCLUSIVE-Chinese buyers book at least 10 Argentine soybean cargoes, sources say
By Naveen Thukral and Ella Cao SINGAPORE/BEIJING, Sept 23 (Reuters) - Chinese buyers have booked at least 10 cargoes of soybeans from Argentina, three traders told Reuters on Tuesday, taking advantage of low prices to build inventories for the fourth quarter amid Sino-U.S. trade tensions. The dea...Reuters
Tue, Sep 23
Thailand car production drops 6.11% y/y in August
BANGKOK, Sept 23 (Reuters) - Car production in Thailand fell 6.11% in August from a year earlier, the Federation of Thai Industries said on Tuesday.The decline followed a year-on-year drop of 11.39% in July.Thailand is Southeast Asia's biggest auto production centre and an export base for some o...Reuters
Tue, Sep 23
CFPB ends monitoring of Apple, U.S. Bank years ahead of schedule
By Christian Martinez Sept 22 (Reuters) - The Consumer Financial Protection Bureau has scraped settlements with Apple AAPL.O and U.S. Bank USBUB.UL that were implemented under former President Joe Biden's administration, ending oversight requirements years early, according to court filings d...Reuters
Tue, Sep 23
Ukraine accepts IMF forecast of bigger $65 billion financing gap, Bloomberg News reports
Sept 22 (Reuters) - The International Monetary Fund has persuaded Ukraine's government to accept the fund's $65 billion estimate of foreign funding needed through 2027 compared to Ukraine's earlier $38 billion estimate, Bloomberg News reported on Monday, citing people familiar with the m...Reuters
Tue, Sep 23
