Waiting until November The New Zealand dollar was the best performing Asian currency during this morning’s session after RBNZ Governor Orr said that the central bank will do whatever is necessary to support the local economy, but can afford to wait and see what is happening. This implies that the Bank will be monitoring the
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According to Shilan Shah, India Economist at Capital Economics, India’s April-June (Q1) GDP growth rate is likely to tick higher after the previous quarter’s slowdown. Key Quotes “India’s gross domestic product growth is likely to rise to 6% in April-June from a five-year low of 5.8% in January-March Growth in personal loans (excluding vehicles) has
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Lots of noise, but little substance, best describes the price action on financial markets overnight, as the street chased its tail ahead of Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium this evening. Equities, the U.S. dollar and gold and oil all eased slightly after Federal Reserve Presidents George and Harker both said
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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Ethereum could become the first public blockchain on Hyperledger – if the open-source consortium’s technical steering committee approves a proposal to adopt the ConsenSys-backed Pantheon project. Pantheon is a suite of ethereum-based services built by PegaSys, a 50-strong engineering team at ConsenSys. The Pantheon ethereum client, built on Java, is used to develop enterprise applications with
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A trader works at the New York Stock Exchange in New York, the United States, on Aug. 5, 2019. U.S. stocks plunged on Monday as investors worry that U.S. President Donald Trump’s threatened new tariffs on Chinese imports will worsen trade prospects. The Dow Jones Industrial Average decreased 767.27 points, or 2.90 percent, to 25,717.74.
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National Bank of Canada’s analyst, Krishen Rangasamy asks if the benchmark revisions by the Bureau of Labor Statistics that suggested non-farm payrolls last March were 501K lower than earlier estimates, will cause a change of stance at the Federal Reserve? Key Quotes: “The U.S. labour market is strong, but less so than previously thought. We’ll
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