Tue, May 21, 2024

Trade Talks

Thailand's Tourism-Dependent Economy Will Rise In Q4

Singapore-Thailand Talks Boost Digital & Green Growth

Quick Look: Thailand and Singapore emphasize digital and green economies, deep tech, and smart cities. The economic outlook for Thailand in 2024 projects growth of 2.8%-3.3%, with calls for governmental action to stimulate the economy. Ongoing EU-Thailand trade talks seek to balance economic growth with democratic principles. The partnership aims for economic resilience and innovation, …

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NZD/USD - New Zealand dollar bills.

NZD/USD Dips 0.53% Amid Fed Rates & China-NZ Trade

Quick Look NZD/USD declined today, trading around 0.6053, marking a 0.53% drop. The US Dollar Index (DXY) surged to two-week highs, surpassing the 103.80 mark. Market sentiments suggest a 73% probability of a rate cut by the Federal Reserve in July. China and New Zealand are enhancing their free trade agreement. Anticipation builds around the …

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U.S. economy and Labor Department

Nikkei Peaks, CSI Gains Amid Global Economic Tensions

Quick Look Asia’s markets open with mixed expectations amid key economic data anticipation. Japan’s Nikkei 225 Index hits a historic peak, reflecting strong investor confidence. China’s CSI 300 Index extends gains, while South Korea’s Kospi faces setbacks. Global trade policies, including Trump’s tariff proposals, pose potential challenges. Upcoming trade meetings in Abu Dhabi to discuss …

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China has set a growth target of more than 6% for 2021

China has set a growth target of more than 6% for 2021

Chinese Premier Li Keqiang announced on March 5 at an annual parliamentary meeting that China has set a growth target of more than 6% for 2021. Significantly, that’s the country’s most important political event of the year. The country reported GDP growth of 2.3% in 2020, the only major economy to expand amid the COVID-19 …

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Stocks and Brexit

How Brexit and Coronavirus Relief Bill Affected Stocks

There are numerous factors that have the potential to affect investor sentiment. It was a tough day for stocks in Asia-Pacific as investors monitored the situation regarding Brexit as well as ongoing negotiations in the U.S. for a coronavirus relief package. Let’s have a look at stocks across Asia-Pacific to learn more about the situation. …

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Major currencies on Tuesday

U.S. dollar soared Wednesday as Trump postponed new stimulus

The U.S. dollar gained against most currencies on Wednesday after U.S. President Donald Trump postponed talks on economic stimulus with Democrat lawmakers. Investors’ demand for safe-haven assets grew after Trump commented on Twitter about the stimulus.   FX market had a few turbulent sessions since President tested positive on Covid-19. After Trump returned to the …

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Dollar, japanese Yen and other currencies

Japanese Yen stood at 106.30. What about other currencies? 

The Japanese yen traded at 106.30 per dollar on Tuesday. The Cabinet Office data showed that Japan’s economy shrank an annualized 28.1% in April-June. That caused some turbulence to the Japanese Yen, but it managed to steady considerably.   Meanwhile, the British Pound plummeted down by 0.8% versus the dollar due to stalemate in EU-UK …

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