EUR/USD 1.14827
0.068%
Gold 4336.03
-0.128%
Oil 96.306
-0.218%
USD/JPY 156.993
0.657%
GBP/USD 1.33651
0.056%
GBP/JPY 209.831
0.717%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
AirAsia Group co-founder: The Middle East war cannot last much longer.On September 18th, at the parallel forum "Exploring the Deep Sea – Value Transformation of the Future Marine Industry" of the 2026 Marine Cooperation and Development Forum, the first national intelligent element supply platform dedicated to the marine industry – the Marine Token Factory – was officially launched and implemented in Qingdao. According to reports, the Marine Token Factorys overall architecture comprises three parts: data, computing power, and algorithms. In terms of data, the platform can provide over 130 types of marine-related data, including maritime operation specifications and marine environmental factors, building a dedicated database for frontline marine needs. Regarding computing power, it has formed a marine computing power resource pool with a total computing power exceeding 800P and is continuously expanding. In terms of algorithms, it gathers over 20 proprietary large models in the marine field, such as Guanhai and Haixing, as well as over 30 general-purpose models, including the "Jiutian" large model. According to the plan, the Marine Token Factory will deeply penetrate practical scenarios such as deep-sea oil and gas exploration, serving the needs of leading companies in the industry.Bank of Japan: CPI growth is expected to significantly exceed 2% in the second half of this fiscal year.On September 18, Zhang Xuetao, Director of the Real Estate Market Supervision Department of the Ministry of Housing and Urban-Rural Development, stated at a press conference held by the State Council Information Office that the Ministry will strengthen the defenses for the safety of housing provident fund funds by enhancing institutional norms, improving management mechanisms, and enriching supervision methods to ensure the safety of housing provident fund funds.Bank of Japan: CPI growth is expected to fall to around 2% in the latter half of the forecast period in the July 2026 outlook.

Dollar inches higher after previous day’s jump; investors look to Fed next week

Skylar Shaw

Dec 07, 2022 15:30

微信截图_20221207101307.png


The dollar's performance was also more subdued after it spiked in the previous session on expectations that the Fed could raise rates more than previously anticipated after data showed that the U.S. services industry activity unexpectedly perked up in November. Traders presently anticipate the Fed to announce a half-point increase on December 14th.


According to Marc Chandler, chief market strategist at Bannockburn Global Forex in New York, "there aren't many new incentives." Although "there was a lot of price action yesterday," next week's Fed meeting is the main topic of discussion.


The important consumer price index data for November will also be released the following week, according to the timetable.


Chandler suggested that the dollar may be gaining from stock market bearishness, saying that the dollar "has tended to profit from a risk-off environment." The S&P 500 fell for a fourth straight session as all three of the major U.S. stock indices finished Tuesday with significant declines.


The U.S. dollar index, which compares the dollar to six significant rivals, is still up approximately 10% for the year. On Tuesday, it last increased by 0.3%.


At $1.0465, the euro was down 0.2% vs the dollar, but the dollar was up 0.1% versus the Japanese yen.

Interest rates will increase again, although they are already "quite close" their neutral level, according to policymaker Constantinos Herodotou of the European Central Bank.


Prior to the Bank of Canada's rate decision on Wednesday, the dollar was up 0.5% against the Canadian currency. Although a narrow majority of economists surveyed by Reuters anticipate a 50 basis point rate hike, traders are putting in a 73.3% possibility of a scaled-back 25 basis point boost from the BoC.


At $0.6687, the Australian dollar yesterday fell 0.1%. It increased sooner as a result of the Reserve Bank of Australia's (RBA) seventh rate increase in as many months. The RBA added that although inflation was still high, it was not on a predetermined course to tighten policy.


According to Francesco Pesole, FX strategist at ING, the Western price ceiling on Russian seaborne crude, which went into effect on Monday, may soon start to have an effect on the energy market.



Suggestion