The USD was on the defensive on Thursday after the Fed Reserve signaled it was preparing to lower interest rates to combat increasing global and domestic risks.
Prosperity Bancshares Inc, a U.S. regional bank, intends to buy a Texas-based peer LegacyTexas Financial Group Inc for $2.1 billion. The merger would create the…
Weekly News Summary For June 7-13
Friday, June 7: Yuan Falls, PBOC Open to Softening Policy
The Chinese yuan posted its biggest loss in more than three weeks…
The Chinese Central bank is sending a clear message to Yuan bears that temporary declines are not guaranteed, especially with the key G20 meeting set to happen at…
The dollar held above a recent two-and-a-half-month low on Tuesday as bets on an interest rate cut by the Federal Reserve increased, although investors were wary of…
Financial markets showed huge signs of weakening as safe haven assets perk up due to intensifying worries of recessions caused by various trade disputes. – Finance…
Weekly News Summary For May 24-30, 2019
Friday, May 24: Huawei Shipments; Possible Plunging Up to A Quarter
China’s Huawei Technologies could be looking at a…
The Chinese Yuan climbed up on Monday, prompting China’s top bank and insurance regulators to tip off short-sellers against betting against the currency or they…
Weekly news summary for May 17 to May 23, 2019
Friday, May 17: Yuan Drops after China Strikes Tougher Tone
The offshore yuan hit its lowest in six months against…
Investors bet most Asian currencies will come under further pressure, with trade tensions between the United States and China firmly dominating headlines once again.…
The Aussie is on track for its strongest position this year after the shock election win of Prime Minister Scott Morrison’s conservative coalition. The incumbent’s…
Weekly News Summary For May 10-16, 2019
Friday, May 10: Chinese, European Shares Rise; US Stocks Cautious
Investors in China appeared to have absorbed the US’ 25%…
China's offshore yuan hit a fresh 2019 low early in Asia on Tuesday, and the safe-haven yen remained supported as a fresh escalation in Sino-U.S. trade tensions hit…
"They broke the deal," President Trump said at a Wednesday night rally -- throwing icy water on hopes that a compromise could be reached between the U.S. and China…