A recent survey of market participants from the Bank of Canada has pointed to geopolitical and trade tensions as the biggest risks facing the Canadian economy. Leading the downside are geopolitical risks led by the Middle East war: 82% of respondents identified it as the biggest risk, while 79% and 57% of respondents chose rising…
Gold prices suffered their biggest daily drop in more than ten years as a stunning rally in the precious metals stalled. Futures for the yellow metal (GC=F) fell as much as 5.5% to hover around $4,141 per troy ounce, on track to record its biggest one-day drop in 12 years. Silver futures (SI=F) also fell…
(Reuters) – China’s economic growth slowed to the weakest pace in a year in the third quarter, matching expectations, as a prolonged real estate slump and trade tensions hurt demand, keeping pressure on authorities to deliver more stimulus to shore up momentum. Data on Monday showed gross domestic product (GDP) grew 4.8% in July-September, slowing…
(Reuters) – China’s economic growth slowed to the weakest pace in a year in the third quarter, matching expectations, as a prolonged real estate slump and trade tensions hurt demand, keeping pressure on authorities to deliver more stimulus to shore up momentum. Data on Monday showed gross domestic product (GDP) grew 4.8% in July-September, slowing…
By Chibuike Oguh and Alun John NEW YORK/LONDON (Reuters) – The dollar lost ground against its major peers, including the Swiss franc and Japanese yen, on Tuesday as trade tensions between the United States and China resurfaced, while the euro strengthened after the French government proposed suspending a landmark pension reform. The dollar weakened 0.37%…
The dollar index (DXY00) has risen +0.32% today. The dollar is rising today after the Trump administration signaled its openness to a trade deal with China, easing trade tensions. The current strong rally in stocks is limiting the demand for dollars in terms of liquidity. The current US government shutdown is bearish for the dollar….
