Jin10 reported on June 6 that Mark Dowding, Chief Investment Officer of Fixed Income Investments at RBC BlueBay Asset Management, stated in a report that the company continues to hear news of changes in asset allocation, leading to a decrease in demand for the dollar. He said, "This trend may continue." If a new round of fluctuations occurs, the dollar may depreciate at a faster rate. He mentioned that this could be due to concerns that dollar transactions have resembled risk assets in recent months.

Jinshi data September 20 news, due to the prospect of further interest rate hikes by the Central Bank of Japan, the yen strengthened against other G10 and Asian currencies in early trading. Alvin T., Asia forex strategy director at Royal Bank of Canada (RBC) Capital Markets.

While the latest speeches from Fed officials reinforced the view that officials are not in a hurry to cut interest rates, the latest data showed that the economy is in good shape, pushing the S&P 500 to a record high for the 22nd time this year. The U.S. stock market capitalization has soared by $4 trillion in just three months, much to the surprise of doomsayers and the rush of Wall Street strategists to update their 2024 forecasts. "We think it's the market's view of where the economic fundamentals are headed, not the views of any one economist or strategist," said Lori Calvasina, a strategist at RBC Capital Markets. The S&P 500 rose to 5,254.35, ending the first quarter with a gain of more than 10%. Data shows that since 1950, the S&P 500 has risen by double digits for two consecutive quarters only five times.

According to Gate.io News bot, RBC reported that the Russian Ministry of Finance has submitted a bill that plans to impose value-added tax (VAT) on domestic companies providing mining equipment leasing and real-time computing power services to foreign clients. The bill addresses the VAT applicability issue for Russian taxpayers when providing mining infrastructure to foreign clients. According to statistics from the Russian Federal Tax Service, there are currently 606 registered miners and 116 mining infrastructure operators nationwide. The data shows that the mining industry generates approximately 50 billion rubles in tax revenue for Russia each year. Source: Wu Says

The Royal Bank of Canada Capital Market (RBC Capital Markets) said Fed officials may have hinted at only two rate cuts next year when they updated their quarterly dot plot projections this week, compared with four rate cuts expected in September. The Fed's median September dot plot estimate implies a 100-basis point rate cut in 2024 and another 100-point cut in 2025. "Fed officials' speeches since the November meeting have pretty much locked in 25 basis points of rate cuts," said RBC's Blake Gwinn and Izaac

European stocks closed at record highs, buoyed by strong corporate earnings and renewed optimism over Fed rate cut expectations. The Euro Stoxx 600 index closed pump 1.1%, surpassing the closing high set on March 28. UBS led the pump Financial Service zone, with the company posting its big pump long in a year. Shares of chipmaker Infineon also pumped. Janet Mui, head of market analysis at RBC Brewin Dolphin, said: "The pick-up in Capital Market activity is likely to provide an even bigger boost as the economy emerges from the recession and sentiment generally improves. "Investors have also adjusted their bets on Fed policy, with Friday's weak U.S. jobs data rekindling expectations of about two rate cuts by the end of the year.

According to Gate.io News bot, RBC reported that Elvira Nabiullina, the Governor of the Central Bank of Russia, announced a new regulation proposal for Crypto Assets. The proposal aims to strengthen the regulation of Crypto Assets in the domestic Settlement field, clearly stipulating that Crypto Assets are not allowed to enter the domestic currency circulation and internal Settlement system. The Central Bank also plans to implement a tiered management system for investments in Crypto Assets. According to the plan, only high-quality investors are permitted to directly invest in Crypto Assets, while the investment scope for ordinary qualified investors will be limited to the field of Crypto Asset derivatives.

On September 17th, according to the 'RBC.UA' news website in Ukraine, Ukrainian President Zelensky posted on the social media platform X local time on the 16th, stating that more than 90% of the content of Ukraine's 'Victory Plan' against Russia has been formulated and will be presented to its Western allies next week.

Royal Bank of Canada (RBC) noted that we expect the US headline CPI annual rate to fall below 3% in January for the first time in nearly three years (since March 2021). The expected slowdown is mainly due to a pullback in energy prices and another decline in food price growth. Core CPI growth, which excludes food and energy products, should slow a bit – we expect y/y growth to slow to 3.8% in January from 3.9% in December. But a disproportionate part of this increase is still coming from higher rents. The growth of housing costs will continue to slow as lower market rents gradually affect rentals. Commodity price growth has fallen back to around zero as the impact of earlier severe global supply chain disruptions has eased.

India has urged Indian citizens in the Bryansk, Belgorod, and Kursk regions of Russia to evacuate and temporarily move to other areas due to security incidents in these regions, without explicitly mentioning their connection to the Russo-Ukrainian conflict.

The signs of a slowdown in inflation in the world's largest economy, the United States, which previously triggered a global bond rally, are facing a reality check this week. Global government bonds recorded their best monthly performance of the year, and a US inflation pressure indicator slowed for the first time in six months last week. This has encouraged the US market's expectation of an imminent interest rate cut by the Federal Reserve, and investors in other parts of the world also believe that their central banks have room to cut rates. Currently, market attention is turning to the UK's inflation report. Although the UK's inflation rate has slowed significantly since reaching a staggering 11.1% at the end of 2022, investors warn that the path of price declines is not smooth. For the market, this is the latest milestone on a bumpy road to determine whether the global fight against inflation is finally coming to an end. "The UK CPI data for the next week will be important, and we believe that the downward trend may be lower than many people's expectations," said Mark Dowding, CIO of RBC BlueBay Asset Management. "This may dampen the enthusiasm for interest rate cuts."

The Japanese yen expanded fall today, giving up the strong pump recorded on Friday, as traders refocused their focus on the outlook for the Japanese Intrerest Rate. The Japanese yen fall fell as much as 0.61% to 154.01 per dollar during Monday's Asian session, after rising as much as 1.2% pump the previous session, when unexpected weakness in U.S. employment and wage rise last month prompted traders to advance expectations for the Federal Reserve's interest rate cuts. Alvin Tan, head of Asian forex strategy at RBC Capital Markets in Singapore, said USDJPY could move higher and retest 160 given the wide US-Japan interest rate differential, "if it is true that US intrerest rates do not continue to fall from current levels, then the impact of the intervention will dissipate quickly." ”