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China's Finance Ministry set to announce CNY2 trillion fiscal stimulus package on Oct 12
World FX news
Breaking news
China's Finance Ministry set to announce CNY2 trillion fiscal stimulus package on Oct 12
New
2024.10.09 15:26
2024.10.09 15:26
2024.10.09 15:26
Reuters reported on Wednesday that China's Finance Ministry is set to roll out a 2 trillion Yuan fiscal stimulus package on October 12.
The fiscal stimulus will be announced to support economic growth so that they can achieve a 5% Gross Domestic Product (GDP) target for the year.
Last updated
: 2024.10.09
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2024.10.09 18:17
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GBP: No real signs of independent weakness yet - ING
The UK press is starting to reach a fever pitch with its speculation over what Chancellor Rachel Reeves will present in her first budget on 30 October, ING's FX analyst Chris Turner notes.
New
2024.10.09 19:20NZD/USD: Still seems weak - UOB Group
The New Zealand Dollar (NZD) still seems weak; it remains to be seen if it has enough momentum to reach the next major support at 0.6075, UOB Group Quek Ser Leang and Peter Chia note.
New
2024.10.09 19:03GBP/USD trades cautiously below 1.3100 with FOMC minutes on the horizon
The GBP/USD pair trades with caution below the crucial resistance of 1.3100 in Wednesday's London session.
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2024.10.09 18:59Oil: Fed is not overly worried about inflation - ING
Crude oil prices fell throughout Tuesday from China's disappointing stimulus announcement eclipsing fears of a broader conflict in the Middle East, DBS' FX strategist Philip Wee notes.
New
2024.10.09 18:53EUR: Remaining vulnerable - ING
EUR/USD is showing no inclination to trade back above 1.10, ING's FX analyst Chris Turner notes.
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2024.10.09 18:48AUD/USD: Expected to trade in a range between 0.6725 and 0.6780 - UOB Group
The Australian Dollar (AUD) is expected to trade in a range between 0.6725 and 0.6780.
New
2024.10.09 18:39Everything can change in Minutes - DBS
Fed officials looked past last Friday's better-than-expected US jobs data and affirmed the two cuts pencilled in previous month's Summary of Economic Projections, DBS' FX strategist Philip Wee notes.
New
2024.10.09 18:35Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Wednesday, according to FXStreet data.
New
2024.10.09 18:30ECB's Kazaks: Rate cuts are necessary as the economy is weak
The European Central Bank (ECB) policymaker Martins Kazaks spoke on the central bank's interest rate outlook on Wednesday, having said that "data points to October interest rate cut" on Tuesday.
New
2024.10.09 18:28Gold price extends losing spell amid upbeat US Dollar ahead of FOMC Minutes
Gold price (XAU/USD) extends its losing streak for the sixth consecutive trading day on Wednesday.
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2024.10.09 18:17Disclaimer:
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