The question of how far and quickly the yuan will fall depends on Beijing's resolve in countering Donald Trump's tariffs with stimulus measures.
The tariff-threat inspired gains stalled, and the BOJ rate hike and stronger PMI in Europe have dragged the greenback lower against all the G10 currencies. Click to read.
Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump’s administration.
China has ramped up its support for the yuan with tweaks to its capital controls and a vow to crack down on market disruption, after the currency dropped close to a record low against the dollar in offshore trading.
Base metals declined after US President Donald Trump said he would likely enact tariffs on Mexico and Canada by Feb. 1, hurting market sentiment even as he held off from imposing levies on China.
The 5% expansion is in line with the target set by Beijing, but it is the weakest since 1990, excluding the pandemic years.
Markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen strengthened after a widely expected interest rate hike by the Bank of Japan.
As China's economy struggles, officials in Beijing have the arduous task of formulating a policy response that can ensure sustainable growth in what promises to be a challenging year ahead.
WHY NOT The ECB is set to cut rates again by another 25 bps on Thursday as tariff threats from the Trump administration cast a shadow over the euro zone's sluggish economy. Trump did not impose day-one tariffs and said the U.
Donald Trump blamed Ukraine President Volodymyr Zelensky for Russia’s invasion of his homeland during the second part of his interview with Sean Hannity, which aired on Fox News last night.The president said Zelensky was “no angel” and had allowed the war to rumble on but added he would be prepared to impose massive tariffs on Moscow if Vladimir Putin refuses to enter talks on ending the conflict.
Years of good growth and sound policymaking have given the region’s policymakers more wriggle room to navigate what is shaping up to be an increasingly tricky year for their economies
As the world braces for Donald Trump’s return, uncertainty looms over the future of the international geopolitical landscape. While Africa has historically been a peripheral focus for the United States (US), South Africa has increasingly drawn Washington’s ire for its perceived antagonistic foreign policy positions.