Month: June 2021

Australian PM Morrison is seeking the WTO to resolve China wine tariffs. Speaking ahead of the G7-plus summit in Britain, Morrison is seeking support for the modernisation of global trade rules and ‘freedom over authoritarianism’ considering the deterioration in Sino-Australian relations of late. The relations come on the back of the covid crisis where Australia lead, along with other
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Investment firm Victory Capital Management announced it would be taking steps for its U.S.-based investors to get exposure to the crypto market. In a Wednesday announcement, Victory Capital said it would be the exclusive sponsor of “private placement funds and other vehicles” based on the Nasdaq Crypto Index, or NCI, an index developed by Nasdaq
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Major pairs and crosses are bounded inside yesterday’s range so far, as quiet trading continues. Dollar is mildly lower but loss is very limited, while Swiss Franc might be picking up some buying again. Stock markets are also treading water in very tight range. Nevertheless, notable weakness is seen in treasury yields. In particular, US
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In earlier trade today, the People’s Bank of China (PBOC) set the yuan (CNY) reference rate at 6.3956 vs the previous fix of 6.3909 and the previous close of 6.4010. About the fix China maintains strict control of the yuan’s rate on the mainland. The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions, this
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