Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency — the digital yuan (e-CNY). According to a domestic news report, a number of government agencies in the Zhejiang province — located just south of Shanghai — are currently running real world
USDJPY holds onto most of the near 300 pips today The USDJPY moved nearly 300 pips today with most of that move being to the upside. Looking at the five minute chart, the pair closed at 128.42. The low price was just nine pips lower than that at 128.33. At the lows in the Asian
South Korean Vice Finance Minister: will closely monitor the forex market will take steps to stabilise the FX market if needed will take steps if FX market is moved by severe one-way bets KRW update. USD rampant all over the place, against KRW is no exception: ADVERTISEMENT – CONTINUE READING BELOW
New Delhi: Gold in the national capital on Thursday fell by Rs 442 to Rs 51,010 per 10 grams in line with decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 51,452 per 10 grams. Silver also declined by Rs 950 to Rs 64,167
Dollar’s broad based rally continues into US session. The unexpected contraction of Q1 US GDP might give the greenback a little jitter. But it’s unlikely to alter the up trend for now. As for today, Canadian Dollar is the second strongest Yen is the worst performing one on post-BoJ selloff. But Kiwi and Sterling also
In this article AMZN Amazon CEO Andy Jassy speaks with CNBC’s Jon Fortt. CNBC Amazon will report first-quarter earnings after the bell on Thursday. Here’s what Wall Street is expecting: Earnings: $8.36 per share, according to Refinitiv Revenue: $116.3 billion, according to Refinitiv Here are some other key revenue numbers: Amazon Web Services: $18.27 billion
USD/CHF oscillates in a narrow range of 0.9717-0.9723 ahead of SBN’s Jordan and US Michigan CSI. SNB’s Jordan could sound hawkish in his speech amid higher inflation. The uncertainty over the rate hike announcement by the Fed will dominate the Fx domain. A back and forth move show has been displayed by the USD/CHF pair
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USDCAD moved up to a topside trendline on the daily chart Admittedly, the USDCAD daily chart is a thing of choppiness. There are plenty of up and down moves going all the way back to November and December 2020. While the US dollar is making multiyear highs against a number of currencies, the pair remains
There’s no stopping the drop in the yen at the moment as the BOJ didn’t do the currency any favours in its policy meeting decision today. USD/JPY has briefly clipped the 131.00 handle now, and is up 2% on the day. What a move. I outlined earlier here why the BOJ decision to keep up
NEW DELHI: Gold prices weakened further on Thursday to a two-month low, thanks to the rising dollar which hurt the bullion’s demand. An impending US interest rate hike also dampened the metal’s appeal as an inflation hedge. The dollar index had reached a five-year top of 103.28, and a further push above 103.82 would see
Yen falls broadly in Asian session today after BoJ stands pat and even maintains a dovish bias. 10-year JGB yield also tumbles after BoJ reiterates the pledged to defend the cap. Dollar, on the other hand, rises broadly, and it’s trading as the strongest one for the week so far. Euro and Sterling are the
In this article TWTR Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter is set to report earnings for the first quarter
Annual HICP inflation in Germany was 7.8% in April, a tad above expected. FX markets did not react to the latest figures, which didn’t deviate to much from expectations. Inflation in Germany according to the Harmonised Index of Consumer Prices (HICP) rose at a YoY pace of 7.8% in April, according to a preliminary data
The Ronin Network and Sky Mavis have vowed to upgrade their smart contracts, offer lucrative bug bounties and ramp up security following the $600 million hack late last month. As Cointelegraph previously reported, the Ethereum sidechain developed for the popular NFT game Axie Infinity was the victim of an exploit for 173,600 Ether (ETH) and
AUDUSD toward a swing area The AUDUSD is looking to close lower for the fifth consecutive day although today’s decline would be modest. The current price is just four pips off it’s closing level yesterday at 0.7122. The price is traded mostly above that level today but has rotated back to the downside going into
A senior US administration official: data expected to show smaller growth in Q1 than Q4, slower inventory growth likely an issue after big jump in Q4 US GDP data also expected to show very strong household balance sheets, household consumption, business investment US GDP data will show that ‘economic conditions are still very, very strong’
New Delhi: Gold prices declined by Rs 258 to Rs 51,233 per 10 grams in the local market here on Wednesday in line with lower international metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 51,491 per 10 grams. Silver also declined by Rs 327 to Rs