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News
Kiwi Slides as RBNZ Caution Weighs Before Fed Decision
8+ hour, 15+ min ago (405+ words) The NZD/USD pair trades around 0.5790 in early Asian hours on Monday, with the New Zealand Dollar losing ground against the US Dollar. The move comes as investors continue to react to what has been perceived as a dovish rate…...
Qualcomm Gives Amazon Multi-Billion-Dollar AI Chip Warrant
4+ day, 8+ hour ago (257+ words) On Sept 8, Qualcomm announced that it had issued a warrant to Amazon, granting the company the option to acquire an approximately $4 billion stake in the chipmaker. The warrant is part of a broader collaboration focused on developing custom semiconductor solutions…...
GE Aerospace Strikes $11.75 Billion CPP Casting Deal
4+ day, 8+ hour ago (256+ words) Investing.com — GE Aerospace announced Tuesday that it has entered into a definitive agreement to acquire Consolidated Precision Products (CPP) from private equity owners Warburg Pincus and Berkshire Partners in a transaction valued at $11.75 billion. CPP, headquartered in Cleveland, Ohio,…...
DBS Sees Rupee Holding Range as Liquidity Surplus Builds
6+ day, 6+ hour ago (234+ words) TradingPedia Key Moments USD/INR has settled around the mid-94 level after earlier rupee outperformance tied to intervention and inflows Banking system liquidity surplus has surged past INR 10trn, with durable balances near INR 14trn, weighing on overnight call rates DBS expects USD…...
Amazon Plans First Sterling Bond Offering Across Maturities
6+ day, 5+ hour ago (185+ words) TradingPedia Key Moments Amazon (NASDAQ:AMZN) hired a group of banks to arrange its first bond issuance denominated in sterling, according to a bank memo The planned deal includes four tranches with maturities of 3 years, 6 years, 12 years, and 19 years The…...
Australian Dollar Holds Firm on China Trade Data Support
6+ day, 8+ hour ago (310+ words) TradingPedia Key Moments AUD/USD paused a four-session advance, trading near 0.7210 during Asian hours on Tuesday Chinaâs August Trade Balance came in at $119.09 billion, broadly matching forecasts and exceeding the prior $112.5 billion reading Westpacâs Consumer Confidence index fell…...
Canadian Dollar Firms as Oil Rally Offsets Fed Hike Bets
6+ day, 8+ hour ago (534+ words) USD/CAD continues to retreat for a second consecutive session, trading around 1.3800 during Asian hours on Tuesday. The pair weakens as the US Dollar (USD) slips, even as markets price in a higher likelihood of a Federal Reserve rate increase…...
Pound Edges Higher on UK Fiscal and Regulatory Reforms
6+ day, 8+ hour ago (476+ words) GBP/USD is trading near 1.3545 in early Asian dealings on Tuesday, with the British Pound gaining modestly against the US Dollar. The move comes after UK Chancellor John Healey introduced a package of measures aimed at bolstering economic activity and…...
PBOC Nudges Yuan Fix Higher as Daily Reference Rate Edges Up
6+ day, 9+ hour ago (285+ words) The People’s Bank of China (PBOC) set the USD/CNY central reference rate for Tuesday’s trading at 6.7804. This compares with the prior trading day’s official fixing of 6.7795 and a 6.7104 estimate reported by Reuters. The stated monetary policy goals of the…...
Kiwi Dollar Climbs as Chinese Services Data Tops Forecasts
1+ week, 4+ day ago (358+ words) The New Zealand Dollar recovered ground against the US Dollar in early Asian trading on Thursday, with NZD/USD advancing to around 0.5860 and breaking a four-session losing run. The move higher followed stronger-than-expected Chinese services data, which supported the China-sensitive…...