Dollar Steady Ahead Of U.S. Existing Home Sales

At 10:00 am ET Monday, the National Association of Realtors is scheduled to release its report on existing home sales in the month of June. Existing home sales are expected to climb by 0.5 percent in June after falling by 0.4 percent in May. Ahead of the data, the greenback held steady against its major ...

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China Injects Record CNY 502 Bln Liquidity Into Market

China’s central bank injected record liquidity into the banking system via medium-term lending facility to alleviate funding pressure. The People’s Bank of China on Monday offered CNY 502 billion of MLF with one-year maturity. This was the biggest injection via MLF since it was introduced in 2014. The MLF helps ...

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Pound Weakens On Fears Of No-deal Brexit

The pound slipped against its major counterparts in the European session on Monday, as U.K. Brexit secretary Dominic Raab warned a “no deal” Brexit is possible if talks fall through by October. In an interview with the Sunday Telegraph, Raab said that the U.K would withhold its GBP 39 billion ...

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Gold Little Changed Despite Weaker Dollar

Gold prices were flat to slightly lower on Monday, failing to find safe-haven support despite dollar weakness. Spot gold was little changed near a one-week high at $1,229 an ounce while U.S. gold futures for August delivery were marginally lower at $1,229.80 an ounce. The dollar hovered near its lowest ...

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Yen Trades Higher On BoJ Policy Tweak Chatter

The Japanese yen traded higher against its major counterparts in the Asian session on Monday, following media reports that the Bank of Japan officials are reportedly considering tweaks to its massive bond-buying program at its meeting due next week. According to reports, the BOJ is holding preliminary discussions for making ...

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Singapore Inflation Accelerates As Expected In June

Singapore’s consumer price inflation accelerated as expected in June, data from the Ministry of Trade and Industry and Monetary Authority of Singapore showed Monday. Consumer prices climbed 0.6 percent year-over-year in June, faster than the 0.4 percent increase in May. That was in line with economists’ forecast. The acceleration in ...

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Singapore Inflation Data Due On Monday

Singapore will on Monday release June numbers for consumer prices, highlighting a light day for Asia-Pacific economic activity. In May, inflation was up 0.6 percent on month and 0.4 percent on year. Hong Kong also will release June figures for consumer prices; in May, inflation was up 2.1 percent on ...

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