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October 21, 2024

Dollar Set to Extend Gains in Early Trade

The dollar extended gains on Monday amidst counting down to the US presidential election in two weeks, and rising bond yields.

The yen fell 0.2% to 149.26 against the dollar but remained near 150 against the greenback after briefly breaching that le…

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China Cuts Market-based Benchmark Lending Rates

China on Monday cut its market-based benchmark lending rates, with the one-year loan prime rate (LPR) down to 3.1 percent from the previous reading of 3.35 percent.

According to the National Interbank Funding Center, over-five-year LPR, on which man…

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