US dollar strengthens as 10-year yield rises to one-year highs.USDJPY edges higher as Bank of Japan leaves monetary policy unchanged.NZDUSD sell-off gathers steam after a break below 0.6800. US dollar bounce-back from two-month lows against the major’s, gathered steam Tuesday morning. The dollar index, which tracks the greenback strength, powered the 95.30 level after … [Read more...] about USDJPY Eyes 115.00 as BOJ Leaves Policy Unchanged and NZDUSD Turns Bearish
Forex News
Chinese Economy Grows Slower Than Expected in 2021 After 4% Expansion in Q4
Source: National Bureau of Statistics of China China’s fourth-quarter economic growth came in faster than projected, given the steady boost in production, but this was not enough to bring the full-year figure up economists’ expectations. MCHI is down 0.11% premarket. The fourth-quarter gross domestic product climbed by 4% from a year ago, faster than the 3.5% forecasted … [Read more...] about Chinese Economy Grows Slower Than Expected in 2021 After 4% Expansion in Q4
China’s Central Bank Cut One-Year Policy Loans to 2.85% on Slowing Economy
Source: Bloomberg China has cut a major interest rate for the first time since the peak of the Covid-19 pandemic in 2020 as the struggling property market and repeated virus outbreaks hampered the growth outlook. CSI 300 Index up +0.86%, CNY USD up +0.09% The People’s Bank of China lowered the rate on its one-year policy loans by 10 basis points to 2.85%, the first cut … [Read more...] about China’s Central Bank Cut One-Year Policy Loans to 2.85% on Slowing Economy
US Industrial Production Fell by 0.1% in December on Lower Manufacturing Output
Source: The Federal Reserve US industrial production dropped 0.1% in December, coming weaker than the market estimate. DXY up +0.19%, EUR USD down -0.26% Industrial production, which measures the changes in the value of output, was projected to increase by 0.3% in December. Its increase in November was revised upwards to 0.7% from 0.5%.The Fed stated that the total … [Read more...] about US Industrial Production Fell by 0.1% in December on Lower Manufacturing Output
US Retail Sales Edge 1.9% Lower in December, Worse than Feared 0.1% Decline
Source: Census Bureau US retail and food services sales for the last month of 2021 was $626.8 billion, down 1.9% from November and higher than expected fall of 0.1%. SPY is down -0.067%, DXY is up +0.09%. The fall in the retail sales was the worst in 10 months, with rising inflation and Omicron variant dampening activity.Despite the retail sales decline, they were … [Read more...] about US Retail Sales Edge 1.9% Lower in December, Worse than Feared 0.1% Decline
