RaDian

Radianlcd：Dollar weakens on peak Fed rate expectations The U.S. dollar weakened in early European trade Tuesday as more Federal Reserve officials indicated a slowdown in interest rate rises, with traders speculating a peak in rates might be close. At 03:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, dropped 0.4% to 106.067, falling to a new three-month low. Fed Vice Chair Lael Brainard was, on Monday, the latest Fed official to comment on the state of the central bank’s battle against inflation, echoing weekend comments by Fed Governor Christopher Waller that interest rates need to keep rising to battle inflation, although likely at a slower pace. "I think it will probably be appropriate soon to move to a slower pace of increases, but I think what’s really important to emphasize is ... we have additional work to do," Brainard said in an interview with Bloomberg in Washington. Expectations are growing that the Fed will...

  The Canadian dollar edged higher against its U.S. counterpart on Wednesday, with the currency rebounding from its lowest level in nearly eight weeks as investor sentiment picked up and the Bank of Canada raised interest rates to a 14-year high. The loonie was trading 0.1% higher at 1.3135 to the greenback, or 76.13 U.S. cents, after earlier touching its weakest since July 14 at 1.3208. "We're seeing a strong bounce in the Canadian dollar today, not so much because of the expected 75 bp rate hike from the Bank of Canada, but because of broad USD selling on the back of a constructive risk backdrop," said Erik Bregar, director, FX & precious metals risk management at Silver Gold Bull. U.S. stock indexes climbed following a recent selloff as bond yields eased. In contrast, the price of oil fell to its lowest level since Russia's Feb. 24 invasion of Ukraine, settling 5.7% lower at $81.94 a barrel. Oil is one of Canada's major exports. The BoC hiked its benchmark ...

  Radianlcd： The Japanese yen continued to weaken against the dollar on Thursday, nearing its weakest level in 32 years as a hotter-than-expected inflation reading added to pressure from rising interest rates across the globe. The yen fell as far as 146.93 to the dollar, coming just a few points short of its weakest level since 1990. The currency took little support from warnings by Japanese policymakers against selling the currency, moving past levels at which authorities had intervened in currency markets last month. Data on Thursday showed Japanese PPI inflation blew past expectations in September, hovering around its highest levels in 41 years as rising raw material costs continued to weigh on local businesses. The figure heralds a similar rise in Japanese CPI inflation data due next week, given that most businesses have taken to passing on high material costs to their customers. Japan’s consumer price index is currently trending at an eight-year high. Still, rising inflation h...

  Radianlcd： The Japanese yen continued to weaken against the dollar on Thursday, nearing its weakest level in 32 years as a hotter-than-expected inflation reading added to pressure from rising interest rates across the globe. The yen fell as far as 146.93 to the dollar, coming just a few points short of its weakest level since 1990. The currency took little support from warnings by Japanese policymakers against selling the currency, moving past levels at which authorities had intervened in currency markets last month. Data on Thursday showed Japanese PPI inflation blew past expectations in September, hovering around its highest levels in 41 years as rising raw material costs continued to weigh on local businesses. The figure heralds a similar rise in Japanese CPI inflation data due next week, given that most businesses have taken to passing on high material costs to their customers. Japan’s consumer price index is currently trending at an eight-year high. Still, rising inflation h...

  #radianlcd ：C$ rebounds as Wall Street rallies, BoC signals more tightening The Canadian dollar edged higher against its U.S. counterpart on Wednesday, with the currency rebounding from its lowest level in nearly eight weeks as investor sentiment picked up and the Bank of Canada raised interest rates to a 14-year high. The loonie was trading 0.1% higher at 1.3135 to the greenback, or 76.13 U.S. cents, after earlier touching its weakest since July 14 at 1.3208. "We're seeing a strong bounce in the Canadian dollar today, not so much because of the expected 75 bp rate hike from the Bank of Canada, but because of broad USD selling on the back of a constructive risk backdrop," said Erik Bregar, director, FX & precious metals risk management at Silver Gold Bull. U.S. stock indexes climbed following a recent selloff as bond yields eased. In contrast, the price of oil fell to its lowest level since Russia's Feb. 24 invasion of Ukraine, settling 5.7% lower at $81.94 a ba...

  #radianlcd ： China Overtakes US With $306 Billion Corporate Credit Boom China has surged ahead of the US for corporate bond deals in its yuan credit market in recent months, a rare shift that highlights the deepening impact of the two countries’ diverging monetary policies. Yuan-denominated bond issuance by non-financial firms exceeded that in the greenback in both July and August, a first for two consecutive months, according to Bloomberg-compiled data. The momentum has started building since the Federal Reserve kicked off its tightening cycle in March: Sales of yuan notes, almost entirely by Chinese firms, totaled 2.04 trillion yuan ($306 billion based on exchange rates at the time of deals) between April and August, versus $283 billion of dollar debt worldwide. The changing credit market landscape is mostly the result of a plunge in dollar debt sales after the US central bank embarked on a relentless campaign to combat inflation, while Beijing has been doing the opposite to ke...