EUR/USD Unlikely to Hit 1.1095 Before Fed/ECB Meetings
EUR/USD Unlikely to Hit 1.1095 Before Fed/ECB Meetings Global financial markets faced a significant shakeup yesterday, primarily driven by the less-than-stellar July Purchasing Managers Index (PMI) data from the European Monetary Union (EMU). Both the manufacturing and services sectors in the region showed distinct signs of contraction. This negative performance led to a pronounced drop […]
China’s ability to implement monetary stimulus is limited as the yuan approaches a 15-year low
China’s ability to implement monetary stimulus is limited as the yuan approaches a 15-year low As China’s yuan edges closer to a 15-year low against the dollar, the country’s capacity to stimulate its struggling economy via monetary policies is increasingly constrained. In Shanghai, the yuan was trading at 7.244 against the dollar at the end […]