China flags more policy measures to bolster yuan
SHANGHAI/HONG KONG (Reuters) -China announced more tools to support its weak currency on Monday, unveiling plans to park more dollars in Hong Kong to bolster the yuan and to improve…
Surging dollar pressures peers as further Fed cuts in question
By Rae Wee SINGAPORE (Reuters) -The dollar charged higher on Monday and drove its peers to multi-year lows after a blowout U.S. jobs report underscored the strength of the world’s…
Lithium prices to stabilise in 2025 as mine closures, China EV sales ease glut, analysts say
SHANGHAI (Reuters) – Lithium prices are expected to stabilise in 2025 after two years of steep declines as shuttered mines and robust electric vehicle sales in China soak up an…
Oil jumps as new US sanctions to curb Russian supply to China, India
By Florence Tan SINGAPORE (Reuters) -Oil prices extended gains for a third session on Monday, with Brent rising above $81 a barrel to its highest in more than four months,…
Gold prices muted as payrolls data fuels rate jitters
Investing.com– Gold prices fell in Asian trade on Monday as traders braced for a slower pace of U.S. interest rate cuts following stronger-than-expected nonfarm payrolls data, which supported the dollar. …
Column-Structural shifts or price moves? China’s bifurcated commodity imports: Russell
By Clyde Russell LAUNCESTON, Australia (Reuters) – China’s imports of major commodities in 2024 presented a mixed bag, with record volumes of iron ore, coal and natural gas, but weakness…
Hong Kong to expand yuan trade finance, Bond Connect schemes, HKMA says
HONG KONG (Reuters) – Hong Kong will launch a new yuan-denominated trade finance scheme and expand the hours and scope of its Bond Connect program for mainland China investors, Eddie…
US oil sanctions give Trump administration more leverage over Russia, JPM says
Investing.com– The Biden administration last week announced its most targeted sanctions yet against the Russian oil industry, pushing oil prices to a three-month high as traders positioned for tighter markets. …
Asia FX weakens as dollar surges to 26-mth peak on rising rate jitters
Investing.com– Most Asian currencies weakened on Monday, seeing sustained pressure from strength in the dollar as stronger-than-expected U.S. payrolls data fueled increased expectations that interest rates will fall at a…
China steps up policy measures to defend fragile yuan
SHANGHAI (Reuters) – China stepped up its policy measures on Monday to defend a weakening yuan by relaxing rules to allow more offshore borrowing and sending verbal warnings as the…
