The question of how far and quickly the yuan will fall depends on Beijing's resolve in countering Donald Trump's tariffs with stimulus measures.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump’s administration.
Base metals declined after US President Donald Trump said he would likely enact tariffs on Mexico and Canada by Feb. 1, hurting market sentiment even as he held off from imposing levies on China.
The 5% expansion is in line with the target set by Beijing, but it is the weakest since 1990, excluding the pandemic years.
In contrast, policymakers at the U.S. Federal Reserve are now anticipating fewer ... while cautioning that Beijing's stimulus measures were "insufficient" to do more than stabilize the economy ...
Global economic policymakers had been braced for an economic firestorm from the new U.S. administration but instead got a surprisingly restrained start from Donald Trump, who remains big on rhetoric but more cautious on action - for now.
The threat of sweeping tariffs, a central plank of his campaign promises, had raised concerns of a resurgence in inflation
It is a big week ahead next week as the US Federal Reserve, European Central Bank and Bank of Canada hold their first meetings of 2025.
As the world braces for Donald Trump’s return, uncertainty looms over the future of the international geopolitical landscape. While Africa has historically been a peripheral focus for the United States (US), South Africa has increasingly drawn Washington’s ire for its perceived antagonistic foreign policy positions.
Here’s your guide to the week ahead in global markets: The Fed holds its first meeting of the year, just over a week after Trump’s return to the White House. The central bank is widely expected to pause its easing cycle on Wednesday, after cuts totalling 100 basis points (bps) last year.
USD: The Dollar Index peaked on January 13 near 110.25. It tested the month's low near 107.75 on Wednesday. It bounced to 108.50 yesterday before being sold after President Trump's comments at Davos where no new ground was broken,