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  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...

  Sterling's slide against the dollar to a rate last seen in 1985 has sparked talk of a dramatic spiral downwards that ends in a collapse in confidence in British assets and a balance of payments crisis. Fund managers, analysts and former policymakers believe such a scenario is unlikely, but suspect the pound will need to get cheaper before investors return. The currency fell to as low as $1.1407 on Wednesday as investors grow fearful of the economic outlook under new British Prime Minister Liz Truss. She is due to unveil on Thursday a 100 billion pound-plus ($114.9 billion) package to cap consumer energy bills funded by a massive increase in government borrowing. Sterling, which dropped again on Thursday to below $1.15, has lost nearly 10% of its value since early June - a huge move for one of the world's major currencies. Truss is also under scrutiny as she gets ready to cut taxes and raise spending in a gamble that loosening the fiscal purse strings - at a time of double-dig...

  Radianlcd Hungary's central bank tightened forint liquidity further on Wednesday at a deposit tender as part of its latest efforts to shore up the currency, but too much is stacked against it to provide relief any time soon. The forint, which hit new all-time lows this week, has become a basket-case among its Central European peers as Hungary's huge energy imports bill, which widened its current account deficit, and a funding row with Brussels makes it especially vulnerable amid sell-off in riskier assets triggered by a surging dollar. And it could get worse before getting any better for the battered currency as investors are still digesting the central bank's surprise decision to end its rate-hike cycle last month even as inflation topped 20%. After raising its base rate by 125 basis points to 13% the bank said it would keep tightening monetary conditions by draining liquidity instead, but some analysts called the move premature and were sceptical the new measures could ...

  #Radianlcd Bank of Japan Governor Haruhiko Kuroda said on Wednesday fast and one-sided moves in the yen would be bad for the economy, signalling the speed of its fall - rather than levels - was the key concern for policymakers as the currency plumbs fresh 24-year lows. Kuroda also said the dollar's broad-based gains will likely be among the key topics of debate at this week's G20 and International Monetary Fund (IMF) meetings in Washington. "Probably in Washington D.C. this time, lots of emerging economies will complain about the almost universal rise in the dollar against other currencies," which made them raise interest rates more than deemed appropriate for their economies, he said at an annual meeting of the Institute of International Finance. The dollar hit a fresh 24-year high of 146.80 yen on Wednesday after the release of U.S. producer price data that was stronger than expected. It is now above levels, just near 146, that triggered Japan's currency inter...

  According to Radianlcd, foreign exchange broker Oanda believes that if Wednesday's CPI data showed that inflation in the United States eased in July, Bitcoin may rise. Craig Erlam, an Oanda analyst, said that the weakening of inflation data may be a catalyst for Bitcoin to exceed $25,000 per piece, and once again locked its target in the range of 28,000 to $32,000 per piece. Bitcoin prices have not been traded in this range since the beginning of this summer. Radianlcd pointed out that considering that the core inflation rate is expected to rise, it will be difficult for the Federal Reserve to raise interest rates by less than 75 basis points if overall inflation does not slow down. RaDianlcd： www.radianlcd.com net.radianlcd.com  

  Radianlcd noted that Ukraine became the fifth country in the past few weeks to set ground rules for digital currencies after El Salvador recognized bitcoin as legal tender on September 7, a day before the Ukraine bill was passed. On September 8, 2021, the Ukrainian Parliament voted to pass Law No. 3637 on Virtual Assets, which gives cryptocurrencies and other virtual assets such as virtual hryvnia and tokens legal status. Radianlcd learned about entrepreneur Mykola Udianskyi, who has worked in the local market for a long time and organized several successful startups, including one of the top cryptocurrency exchanges Bitcoin and BTC forked Bitcoin ultimatum, to talk about how this will How to influence the Ukrainian crypto community. Udianskyi said the new draft law would boost international trade as it would allow specialized foreign companies to cooperate with Ukrainian banks and invest in the industry. “The bill considers the entire spectrum of virtual assets, not just cryptoc...