Forex

China Targets Modest 4.5-5.0% GDP Growth for 2026, Emphasizes FX Stability

TD Securities’ Senior Macro Strategist Alex Loo announced that Chinese policymakers aim for a moderate GDP growth target of 4.5-5.0% in 2026, with TD forecasting a 4.6% increase. The latest budget maintains an accommodative fiscal policy but steers clear of large impulses similar to those seen in 2025. This approach reflects a balanced stance towards fostering growth while ensuring foreign exchange stability. Analysts suggest that this strategy may provide a stable environment for investors as global economic uncertainties persist. Overall, the focus remains on pragmatic growth and maintaining market confidence in the Chinese economy.

Forex

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BofA Bullish on Brazil Real, Advises Selling EUR/BRL

BofA Bullish on Brazil Real, Advises Selling EUR/BRL

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US Dollar Faces Uncertain Path Amid Shrugged Off War Risks

US Dollar Faces Uncertain Path Amid Shrugged Off War Risks

The US dollar's trajectory remains unclear as market participants appear to be dismissing geopolitical tensions. Despite ongoing conflicts in various regions, traders are focusing on domestic economic indicators and central bank policies. This shift in sentiment might lead to fluctuations in dollar value as investors weigh the impacts