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  • AUD/USD Drops Amid Inflation Lowers, Mixed Chinese PMIs

    AUD/USD Drops Amid Inflation Lowers, Mixed Chinese PMIs

    Nov 30, 22 • 67 Views • Top News No Comments

    A slowdown in local economic activity and a missed Chinese PMI caused the Australian dollar to decline twice today. In the days following the hype, the currency was roughly at its starting point before rising above 67 cents. In October, the Chinese PMI came...

  • Russia to Use Yuan in Place of Dollar

    Russia to Use Yuan in Place of Dollar

    Nov 30, 22 • 71 Views • Top News No Comments

    Due to Western sanctions imposed against Moscow after the outbreak of the Ukraine conflict, Wang’s plans changed. Russian banks and many companies could not access dollar and euro payment systems. Currently, she is preparing to invest in bearings in...

  • Australia's Gold Production Plummets in Q3 2022

    Australia’s Gold Production Plummets in Q3 2022

    Nov 30, 22 • 68 Views • Top News No Comments

    Australia and Russia have long been competing for second place in the list of largest gold producers after China. However, with China’s production downturn, there appears to be a chance that one of the two contenders could rise to the world’s top...

  • China's COVID-led Chaos Scares Market Optimism

    China’s COVID-led Chaos Scares Market Optimism

    Nov 28, 22 • 126 Views • Top News Comments Off on China’s COVID-led Chaos Scares Market Optimism

    The dollar edged higher on Monday as protests in China against the government’s COVID-19 policy pushed investors away from riskier assets and sent the Chinese yuan down to more than a two-week low against the safe-haven dollar. Protest against lockdown...

  • US Stock Market Posts 2-Week Winning Streak Since Summers

    US Stock Market Posts 2-Week Winning Streak Since Summers

    Oct 31, 22 • 235 Views • Top News Comments Off on US Stock Market Posts 2-Week Winning Streak Since Summers

    Technology stocks posted solid gains on Wall Street on Friday, capping another strong week for the market as investors cheered solid gains from Apple and others. The S&P 500 was up 2.5%, posting a 2-week gain for the first time since August. The Dow Jones...

  • Twitter May Downsize Massively After Elon Musk's Takeover

    Twitter May Downsize Massively After Elon Musk’s Takeover

    Oct 31, 22 • 1053 Views • Top News Comments Off on Twitter May Downsize Massively After Elon Musk’s Takeover

    The WSJ writes that Twitter Inc. is developing plans for mass layoffs, citing knowledgeable, confidential sources. And it’s only been a few days since the social media platform was acquired by billionaire Elon Musk for $44 billion. One of the sources...

  • US in No Hurry to Cap the Price of Russian Oil

    US in No Hurry to Cap the Price of Russian Oil

    Oct 29, 22 • 506 Views • Forex News, Top News Comments Off on US in No Hurry to Cap the Price of Russian Oil

    On December 5, the price cap will take effect. Penalties may apply to cargo in transit that arrives at the buyer after December 5. In the West’s economic struggle with Russia, the Biden administration is seeking to allay industry fears of a new...

  • The Dollar King Damages All But Not America

    The Dollar King Damages All But Not America

    Sep 30, 22 • 1845 Views • Top News Comments Off on The Dollar King Damages All But Not America

    In almost every country except the United States, the mighty dollar cripples the economy and destroys everything around it. It’s not America’s problem, at least for now, and the dollar’s historic rise is unlikely to stop anytime soon. By...

  • Russia to Use Yuan in Place of Dollar

    What if the West forbids Russia from Trading in Dollars?

    Sep 29, 22 • 1610 Views • Top News Comments Off on What if the West forbids Russia from Trading in Dollars?

    The Mosbirzhi group will not disappear from the dollar, and euro markets with the imposition of sanctions – the Central Bank of the Russian Federation will determine the exchange rate. Earlier, Moiseev imposed sanctions on settlement transactions to...

  • Yuan falls to the lowest level since 2008 as PboC Loses Control

    Yuan falls to the lowest level since 2008 as PboC Loses Control

    Sep 28, 22 • 992 Views • Hot Trading News, Top News Comments Off on Yuan falls to the lowest level since 2008 as PboC Loses Control

    The mainland yuan fell to its weakest level against the dollar since the 2008 global financial crisis amid a steady rise in the US currency in currency trading and rumors that China is easing support for the local currency. The domestic yuan weakened to...