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U.S Dollar Dominant in Deluge of Data
The Peoples Bank of China managed to get the jump on Capital Markets over the weekend. Chinese policyholders cut interest rates by -25bps for the second time in less than four-months. The Central Bank signaled out rising deflationary pressures as a trigger for the move, saying that plunging commodity prices world-wide “provided room” to spur growth by lowering interest rates. China now joins countries in the Eurozone and Japan in easing monetary policies due to deflationary pressures, while the U.S Fed is moving towards raising interest rates as their economy recovers. The PBoC reiterated that they are to be more ... (full story)