Wednesday , August 17 2022

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McConnell, Paul talk health care, just not with each other

Senate Majority Leader Mitch McConnell

As Republican efforts to get rid of former President Barack Obama’s health care law stall in the U.S. Senate, Kentucky’s two senators are traveling the state to talk about it. They just aren’t talking to each other. U.S. Sen. Rand Paul has emerged as one of the biggest obstacles to ...

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China’s Foreign-Exchange Reserves Shrank Faster Than Expected

Peoples Bank of China Beijing

China’s reserves dropped by $15.89 billion last month, versus a forecast $2 billion decline BEIJING—China’s foreign-exchange reserves shrank modestly in August, though at a faster pace than projected, suggesting capital outflow pressure may have increased slightly. China’s reserves, the world’s largest, fell by $15.89 billion over last month, to $3.185 ...

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London Remains World’s Foreign Exchange Trading Powerhouse

London City - Foreign Exchange Powerhouse

London traded nearly twice as much currency than did New York according the latest data on foreign exchange markets provided by the Bank for International Settlements. The daily average total turnover in foreign currency traded in London was $2.426BN in April 2016. This is nearly double the size of trade ...

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Bank of England keeps us waiting 3 weeks – 3 reactions

Bank of England

The Bank of England decided not to cut rates in a move that surprised many and boosted the pound. However, it kept us waiting for the next decision, just three weeks away. Here are three reactions: Here is their view, courtesy of eFXnews: BoE On Hold As We Expected; Paving The Way To An August Rate [...]

The post BOE keeps us waiting 3 weeks – 3 reactions appeared first on Forex Crunch.

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