Forex - Yuan Pushes Higher After Data Release

Forex – Yuan Pushes Higher After Data Release

By Ritu, Capital Sands The Chinese yuan is flying Friday, climbing to six month highs against the U.S. dollar in the wake of the release of the country’s latest economic growth figures. The USD/CNY pair traded at 6.8598, down 0.3%, while the US Dollar Index Futures, which tracks the greenback against a basket

China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note

By Ritu, Capital Sands China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown. But data on Friday also showed the

Merkel Spends Big to Kickstart Germany’s Stalled Coal Exit

By Ritu, Capital Sands Chancellor Angela Merkel clinched a deal to kickstart Germany’s stalled coal exit, offering billions in compensation to utilities and coal regions so that closures of plants can start this year. In talks that began Wednesday evening and lasted well into the night, the government hammered out

Ruble Slides as Putin Announces Government’s Resignation

By Ritu, Capital Sands   The ruble fell on Wednesday after President Vladimir Putin announced the resignation of the Russian government. The announcement comes against the background of speculation that Putin is planning to tweak the constitution to avoid having to leave power when his current term as president ends