EUR/USD 1.16054
-0.100%
Gold 4508.22
-0.767%
Oil 95.267
-1.973%
USD/JPY 159.162
0.116%
GBP/USD 1.34395
0.066%
GBP/JPY 213.893
0.184%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 23, it was reported that from January to April 2026, 20,113 new foreign-invested enterprises were established nationwide, a year-on-year increase of 6.8%; actual use of foreign capital amounted to RMB 287.69 billion, a year-on-year decrease of 10.3%. By industry, actual use of foreign capital in manufacturing was RMB 78.88 billion, and in services RMB 204.15 billion. Actual use of foreign capital in high-tech industries reached RMB 116.33 billion, a year-on-year increase of 20.3%, accounting for 40.4% of the total actual use of foreign capital nationwide, an increase of 10.3 percentage points compared to the same period last year. Among them, actual use of foreign capital in R&D and design services, computer and office equipment manufacturing, and electronic and communication equipment manufacturing increased by 108.4%, 22.9%, and 20.2%, respectively.On May 23, Minister of Commerce Wang Wentao met with Lao Minister of Industry and Commerce, Maraitshong, in Suzhou on May 21. The two sides were in China to attend the RCEP and CPTPP member dialogue. They exchanged in-depth views on further promoting China-Laos economic and trade relations, deepening cooperation in green minerals, promoting trade and investment in the new energy sector, and jointly safeguarding the multilateral trading system. Wang Wentao stated that in recent years, under the strategic guidance of the leaders of both countries, China-Laos economic and trade cooperation has yielded fruitful results. The Ministry of Commerce of China is willing to work with the Ministry of Industry and Commerce of Laos to take the 65th anniversary of the establishment of diplomatic relations between China and Laos as an opportunity to further promote bilateral trade development and investment cooperation in various fields, and to continuously elevate bilateral economic and trade relations to new heights.On May 23, Futu Holdings announced that as of May 23, 2026, the company had repurchased approximately US$160 million worth of American Depositary Shares (representing Class A ordinary shares of the company) under the share repurchase program announced on November 18, 2025. Depending on market conditions, the company may continue to execute repurchases from time to time under the existing share repurchase program.The Shenzhou-23 astronaut crew will undertake more than 100 new scientific and applied projects during their time in orbit.May 23 - A one-year space stay will implement my countrys first space human research program, verifying the ability to ensure the health of astronauts during long-term flights.

The U.S. dollar fell to a new low in more than two months against the Canadian dollar! Strong rise in oil prices supports the Canadian dollar

Oct 26, 2021 11:01

On Monday (October 11), the U.S. dollar against the Canadian dollar continued Friday’s decline and hit a new low in more than two months near 1.2450.


The Canadian dollar’s rise is due to the performance of crude oil prices. Crude oil is Canada’s main export commodity. Canadian employment data is also better than the US non-agricultural report.

WTI crude oil futures prices have risen to a new high since 2014. The market is worried that as Tropical Storm Pamela moves towards the Gulf of Mexico, it may hit this energy-rich region in the middle of this week and supply will be further interrupted. The positive news that the US stimulus plan and the economy is expected to recover from the epidemic may also be beneficial to oil prices.

Whether it is Canada’s net employment change, unemployment rate or average hourly wages, all of these data exceed the September employment data of the United States, helping the US dollar/Canadian dollar bears continue to gain the upper hand.

The non-agricultural employment population in the United States fell to 194,000 in September, which is expected to be 500,000, but the previous value was revised up to 366,000. At the same time, the unemployment rate fell to 4.8%, the previous value was 5.2%, and the forecast was 5.1%, alleviating some concerns. The average hourly wage increased by 0.6%, which is expected to be 0.4%, and the previous value was revised down to 0.4%.

On the other hand, the Canadian unemployment rate was in line with expectations, recording 6.9%, compared with the previous value of 7.1%. The number of employed people increased by 157,100 people, which is expected to increase by 65,000 people. In addition, the average hourly wage increased by 1.7% in September, which was higher than the previous value of 1.25%.

Although rising oil prices helped the US and Canadian dollar shorts, the US and Canadian markets were closed and concerns about the Fed's balance sheet reduction limit the exchange rate to fall further. In addition, risk aversion supports the dollar's safe-haven demand and also prevents the exchange rate from falling.

If the intraday closes below the 100-day moving average, the US dollar/Canadian dollar will point to near the July 30 low of 1.2423, and further down the 1.24 mark is worthy of attention.

On the upside, the 100-day moving average of 1.2487 and the 200-day moving average of 1.2512 will provide important resistance. Breaking the 200-day moving average will lead to short-term optimism.

(Daily chart of USD/Canadian dollar)

At 15:18 GMT+8, the US dollar was quoted at 1.2448 against the Canadian dollar.

Suggestion