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Dollar Supported by Better-Than-Expected US Economic News
Yahoo Finance· 2025-12-30 15:27
Economic Indicators - The US October S&P Case-Shiller composite-20 home price index increased by +0.3% month-over-month and +1.3% year-over-year, surpassing expectations of +0.1% month-over-month and +1.1% year-over-year [2] - The US December MNI Chicago PMI rose by +9.2 to 43.5, exceeding expectations of 40.0 [3] Currency Market Dynamics - The dollar index (DXY00) is up by +0.09%, supported by positive US economic news and higher T-note yields, which have strengthened the dollar's interest rate differentials [1] - The dollar is facing pressure due to concerns about the Federal Reserve's independence following President Trump's comments about potentially firing Fed Chair Powell [1] - The dollar is also under pressure as the Fed has increased liquidity in the financial system by purchasing $40 billion a month in T-bills [4] Eurozone Economic Factors - The EUR/USD is down by -0.13%, influenced by the dollar's strength and ongoing concerns regarding the Russian-Ukrainian war, which has not seen any breakthroughs in recent talks [5] - Spain's December core CPI rose by +2.6% year-over-year, stronger than the expected +2.5% year-over-year, which is a hawkish factor for ECB policy [6]
X @CoinDesk
CoinDesk· 2025-12-17 17:51
RT CoinDesk Podcast Network (@CoinDeskPodcast)🗞️ Senator Elizabeth Warren investigates PancakeSwap over Trump-linked tokens.🗞️ The DTCC partners with Canton Network to issue tokenized US Treasury bonds by 2026.🗞️ Analysts view a bullish Chinese Yuan as a liquidity spark for Bitcoin.@JennSanasie hosts "CoinDesk Daily." https://t.co/2QvkJnc1lc ...
X @Bloomberg
Bloomberg· 2025-12-08 23:14
China should increase imports and settle them in the yuan to balance its foreign trade, a move a former central bank adviser says will boost the Chinese currency’s usage globally https://t.co/bYi43HT7Ql ...
X @Bloomberg
Bloomberg· 2025-10-13 06:38
A local government from the UAE is close to securing its first-ever Chinese yuan-denominated syndicated loan https://t.co/AngfMVumhp ...
X @Bloomberg
Bloomberg· 2025-09-17 06:16
The Chinese yuan strengthened past the central bank’s daily reference rate for the first time since July in a sign some traders are becoming more bullish https://t.co/riCeYBNeJF ...
X @Bloomberg
Bloomberg· 2025-08-27 02:40
The Chinese yuan rose to its strongest level against the dollar since November, buoyed by a weaker greenback and gains in local equities. https://t.co/WTYNQj97mG ...
X @Bloomberg
Bloomberg· 2025-06-30 23:00
The euro rallied to its strongest against the Chinese yuan in over a decade, buoyed by sustained capital inflows into the European market https://t.co/NMnuCJut9w ...