Created
: 2024.09.30
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
USD/CNH: To continue falling below 7.00 - DBS
Breaking news
USD/CNH: To continue falling below 7.00 - DBS
New
2024.09.30 22:01
2024.09.30 22:01
2024.09.30 22:01
USD/CNH should extend its fall below 7.00 following last week's 0.9% decline to 6.9815. The pair was last seen at 6.9952, DBS FX analyst Philip Wee notes.
Additional fiscal measures are expected
"The CSI 300 Index surged 15.7% last week, its best weekly performance since November 2008, on China's most significant monetary stimulus package since the Covid-19 pandemic to support the property sector and shore up capital markets."
"Additional fiscal measures are expected as China seeks to achieve its 5% growth target. An announcement is likely before the National People's Congress meeting in the second half of October."
"The US Treasury Department welcomed last week's stimulus measures but emphasized the need for increased domestic demand over reliance on exports."
Last updated
: 2024.09.30
Related articles
USD/CNH: To continue falling below 7.00 - DBS
2024.09.30 22:00USD/CNH: Price action continues to suggest USD weakness - UOB Group
2024.09.30 21:05Dow Jones Industrial Average steps into another record high on Friday
2024.09.28 04:36USD/CNH closes below 7.00 for the first time since May 2023 - DBS
2024.09.27 21:19USD/CNH: To trade in a range between 6.9700 and 7.0100 - UOB Group
2024.09.27 19:59Dow Jones Industrial Average recovers balance on Thursday
2024.09.27 02:37
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
GBP/USD Price Forecast: Steadies below 1.3400 after strong UK data
The Pound Sterling held to gains against the Greenback during the North American session and edged up 0.14%.
New
2024.09.30 23:48USD/JPY rallies above 143.00 on Japan Ishiba's dovish dialogue
The USD/JPY pair surges strongly above 143.00 in Monday's North American session.
New
2024.09.30 23:20EUR/GBP Price Forecast: Correction higher stalls with risk of further downside ever present
EUR/GBP pauses after correcting back from the bottom the pair made on September 24.
New
2024.09.30 22:56EUR/JPY trades higher after dovish comments from incoming Prime Minister Ishiba
EUR/JPY trades over half a percent higher on Monday, in the 159.60s, after dovish comments from Japan's new incoming Prime Minister, Shigeru Ishiba gave the impression he would steer monetary policy to remain accommodative due to economic conditions.
New
2024.09.30 22:44USD/CAD struggles above 1.3500 with Fed Powell's speech in focus
The USD/CAD pair strives to sustain above the psychological support of 1.3500 in Monday's New York session.
New
2024.09.30 22:26Lagarde speech: Rates will be kept sufficiently restrictive for as long as necessary
While testifying before the European Parliament's Committee on Economic and Monetary Affairs on Monday, European Central Bank (ECB) President Christine Lagarde said that they expect the economic recovery in the Eurozone to strengthen over time.
New
2024.09.30 22:11USD/CNH: To continue falling below 7.00 - DBS
USD/CNH should extend its fall below 7.00 following last week's 0.9% decline to 6.9815.
New
2024.09.30 22:00Will Japan continue its monetary normalization? - Commerzbank
The Liberal Democratic Party of Japan has selected Shigeru Ishiba as its new leader, and he can be the next prime minister.
New
2024.09.30 21:41GBP: Keeping its strength in the current environment - ING
The Pound Sterling's recent strength has partly relied on the 'no news is good news' narrative, as quiet calendars allowed markets to look elsewhere for easing bets while happily keeping the Bank of England in the group of relatively hawkish outliers, ING's FX strategist Francesco Pesole notes.
New
2024.09.30 21:28JPY: Politics interferes again - Rabobank
Just as hopes were building that some of the recent volatility in USD/JPY was on course to die-back, Japanese political change has proved that the currency pair maintains a nervous disposition, Rabobank's FX strategist Jane Foley notes.
New
2024.09.30 21:24Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
