fbpx

PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

26 September 2022,07:12

Weekly Outlook

Currencies Hit Record Levels Against USD

26 September 2022, 07:12

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

As risk appetites move ever lower and the US dollar soars, sovereign currencies are seeing the effects of global economic uncertainty. The pound has hit a record low against the greenback after the UK government introduced a new stimulus package just after the appointment of conservative party candidate Liz Truss as Prime Minister. The pound is currently at 1.06 vs the dollar. The euro, too, has continued on its downward movement past dollar parity, hitting 0.96 with expectations for a further slide. In light of growing concerns about China’s downbeat economic situation, the Chinese yuan has dipped, with USDRMB going well past 7, and is currently at 7.16, a level last seen in early 2020 at the height of the pandemic. 

Putin Escalates with 300,000 Troops

Russian President Vladimir Putin has ordered the mobilisation of 300,000 troops, many of them military reservists, in an escalatory move that includes an increase in weapons production. Putin has also accused the West of nuclear blackmail, warning and reiterating Russia’s own ability to retaliate. In a televised address, Putin threatened that the Kremlin would use “all the means” at their disposal “to protect Russia and its people”. Leaders in the Russia-controlled regions of Luhansk, Donetsk, Kherson and Zaporizhzhia – likely installed by Moscow – will be holding referendums on joining Russia, an outcome that Moscow is likely to use as a reason to increase war efforts to “protect its territories”.

Global Travel Recovery

Trip.com has said that domestic hotel reservations in China have overtaken pre-pandemic since Jun, coming in about 20% higher than the 2019 level in July. Global travel is also resurging, with Q3 numbers nearly 90% of 2019’s. Business travel recovery has also accelerated faster than expected, with a survey of North American and European travel agents published by corporate travel technology firms HRS and GBTA found that a majority of respondents has seen travel accelerate “more quickly” and “much more quickly” than expected early this year. 

把握優勢,開始交易

以行業低點差和閃電般的執行速度交易外匯、指數、貴金屬等。

  • 在我們的Standard賬戶上以最低 50 美元的入金金額開始交易。
  • 獲得全天候支持。
  • 獲取數百種交易工具、免費教學器材和最佳的優惠活動。
立即加入

Latest Posts

簡單快速的開設賬戶

開設真實賬戶
  • 1

    即刻申請

    通過無障礙程序註冊PU Prime真實賬戶

  • 2

    輕鬆入金

    通過多種渠道及可接受的貨幣輕鬆地為您的賬戶入金

  • 3

    開始交易

    在市場領先的交易條件下,交易數百種產品

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!