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An EU spokesperson stated: "If necessary, the EU will respond swiftly and decisively to defend our regulatory autonomy and resist unfair practices."An EU spokesperson stated that the EUs digital rules provide a safe, fair, and level playing field for all companies and are implemented in a just and non-discriminatory manner.EU spokesperson: Freedom of expression is a fundamental right in Europe and a core value shared by the entire democratic world and the United States.On December 24th, Audiway announced that it recently received a project designation notice from a leading intelligent driving system integrator, confirming that the company will supply automotive-grade intelligent sensors. According to the clients forecast, the project is expected to start mass production and delivery in December 2026, with a life cycle of 3 years and an estimated total contract value of RMB 176 million (excluding tax).On December 24th, Mousse Holdings announced that its controlling shareholder, Dongguan Muteng Investment Co., Ltd., holds 165 million shares, accounting for 37.92% of the total shares; Wang Bingkun holds 80.355 million shares, accounting for 18.47%; and Lin Jiyong holds 80.355 million shares, accounting for 18.47%, totaling 326 million shares, accounting for 74.86%. The three parties voluntarily committed not to reduce their holdings in any form within 12 months from the date of listing and circulation of the shares issued before the companys initial public offering, i.e., from December 25, 2025 to December 24, 2026. They have not reduced their holdings of the companys shares in the past twelve months.

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

Skylar Shaw

Dec 07, 2022 15:30

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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.



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