Forex News

China Maintains Benchmark Lending Rates

China Maintains Benchmark Lending Rates

China's central bank left its key interest rates unchanged on Monday despite strengthening calls for monetary policy easing to support economic growth amid a notable slowdown in inflation. The People's Bank of China retained its one-year loan prime rate, or LPR, at 3.65 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was left unchanged at 4.30 percent.
RTTNews | 781 days ago
U.S. Dollar Falls After Fed Powell Remarks, U.S. Debt Ceiling Talks Pause

U.S. Dollar Falls After Fed Powell Remarks, U.S. Debt Ceiling Talks Pause

The U.S. dollar weakened against other major currencies in the Asian session on Monday, following the remark's of Federal Reserve Chair Jerome Powell hinted that interest rates may not need to rise further. Also, a surprise pause in U.S. debt ceiling negotiations added pressure on the currency.
RTTNews | 781 days ago
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Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Monday, despite the broadly negative cues from Wall Street on Friday, as traders remained cautious and optimistic a deal will finally be reached on raising the US debt ceiling to avert a first-ever US default, despite talks being paused after Republican negotiators walked out the meeting. Asian markets closed mixed on Friday.
RTTNews | 782 days ago
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is slightly higher in choppy trading on Monday, extending the gains in the previous seven sessions, with the Nikkei 225 staying above the 30,800 level at 33-year highs, despite the broadly negative cues from Wall Street on Friday, aided by gains in market heavyweight stocks.
RTTNews | 782 days ago
Thai Stock Market May Extend Friday's Losses

Thai Stock Market May Extend Friday's Losses

The Thai stock market headed south again on Friday, one day after halting the five-day losing streak in which it had slumped almost 50 points or 3.1 percent. The Stock Exchange of Thailand now sits just beneath the 1,515-point plateau and it may take further damage on Monday.
RTTNews | 782 days ago
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is modestly lower on Monday, giving up some of the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 7,300 level, following the broadly negative cues from Wall Street on Friday, with weakness in technology and financial stocks partially offset by gains in miners and energy stocks.
RTTNews | 782 days ago
Renewed Consolidation Likely For Indonesia Shares

Renewed Consolidation Likely For Indonesia Shares

The Indonesia stock market on Friday snapped the tw0-day slide in which it had fallen almost 50 points or 0.8 percent. The Jakarta Composite Index now rests just above the 6,700-point plateau although it figures to head south again on Monday.
RTTNews | 782 days ago

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