Australian Dollar Plunges on Negative Sentiment
According to the National Australian Bank (NAB), business confidence—which comes out monthly—stooped from +8 to +4.
Will China’s Economic Transition Benefit the Country?
Small and medium enterprises (SMEs) remain at the center of the narrative as China transitions from an “old” production-driven model to the “new” consumer and service-led economy.
Since the global financial crisis in 2008, China’s debt concern has increased. China (FXI) (CNXT) landed itself in massive debt to revive its economy.
We continue to believe that when evaluating any investment in either the emerging markets or any global allocation of assets, China needs to be considered.
Why Investors Should Track Capacity Utilization
As per the Industrial Production and Capacity Utilization report published by the Federal Reserve, the total industry capacity utilization has risen to 76% in September as compared to 75.8% in August.
The Federal Reserve released its September industrial production report on October 17. The report indicated that key sectors in the US economy increased production in September.
The Japanese yen (JYN) managed to close higher against the US dollar after posting four consecutive weekly losses.
Bank of Japan Maintains Ultra Eased Monetary Policy
Bank of Japan governor Haruhiko Kuroda kept the rates unchanged at 0.1% in the monetary policy statement announced on Friday.
British Pound Falls Lower on Less Hawkish Bank of England Report
The British pound–dollar pair saw a long red candle at the end of Thursday’s trading session, closing considerably lower as the pound sterling fell by 0.58% against the dollar.