BEIJING – China’s economy is losing momentum across factories, consumer spending, investment, real estate, and jobs. The weakness matters beyond China’s borders because companies may respond to poor domestic demand by sending even more goods into overseas markets. July’s figures point to a problem that goes beyond a single bad month. Floods and landslides disrupted […] The post China’s Economic…
USD/JPY trades near 159.00 late in the session, 0.5% higher on the day and a little over a point clear of a rising 200-day Exponential Moving Average (EMA) near 158.00.
Yields on long-term US Treasury bonds rose on Thursday despite a fresh pledge from US Treasury Secretary Scott Bessent to potentially intervene further in a bid to lower borrowing costs.
A sustained sell-off in the bond market sent long-term Treasury yields to their highest levels in nearly 20 years this week, rattling both Wall Street and Washington.
