July saw a sharper-than-expected contraction in China’s exports, with decline of -14.5% yoy to USD 281.76B. This marked the steepest drop since February 2020 and exceeded market expectations, which had forecasted a decline of -12.5% yoy. Concurrently, imports also took a hit, plunging by -12.4% yoy to USD 201.16B, much steeper than anticipated -5% yoy […]
The post China’s exports down -14.5% yoy in Jul, shipments to ASEAN down -21.4% yoy appeared first on Action Forex.
Minneapolis Fed President Neel Kashkari signaled that a rate cut at the December meeting remains a “reasonable consideration,” reflecting ongoing debates within the central bank. Speaking to Bloomberg TV, Kashkari stated, “Right now, knowing what Read more…
Chicago Fed President Austan Goolsbee has reiterated his support for gradual reduction in the fed funds rate, provided there is no “convincing evidence of overheating” in the economy. He noted that the pace of rate Read more…
Gold prices experience significant drop due to hopes of a Lebanon-Israel ceasefire and the announcement of Scott Bessent as US Treasury Secretary. US Treasury yields fall and the dollar weakens in response to Bessent’s expected Read more…