Foxconn’s revenue from AI servers is on track to surpass its iPhone business within the next two years, driven by surging demand for high-performance computing, according to Chairman Young Liu. Media outlets with the report. The company, already the world’s largest supplier of AI servers, stands to be…
Read MoreFederal Reserve comments from Trump on his social media account: “The Fed would be MUCH better off CUTTING RATES as U.S.Tariffs start to transition (ease!) their way into the economy. Do the right thing. April 2nd is Liberation Day in America!!!” *** I posted yesterday on the likelihood…
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Read MoreJPY has added to its post-FOMC gains in Asia trade. it’s a Japanese holiday today, which has thinned out liquidity, along with Japanese news and data. EUR/JPY is down 200 points from its high during Asia yesterday: I’m reluctant to pick a bottom (and get smelly fingers!), but…
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Read MorePeople’s Bank of China sets its Loan Prime Rates (LPR) unchanged, as expected. the one year remains at 3.1% the five year remains at 3.6% Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages. This…
Read MoreThe People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called…
Read MoreThe Federal Reserve maintained its key interest rate on Wednesday, as policymakers grapple with an evolving economic landscape marked by slowing growth, persistent inflation, and external price pressures. Forexlive Americas FX news wrap 19 Mar: Fed keeps rates unchanged. See two cuts in 2025 Nick Timiraos has his…
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