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Foreign Exchange Rates

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ubs forecasts yuan depreciation amid us china trade tensions
UBS forecasts the USD/CNY exchange rate to reach 7.5 by mid-2025, driven by ongoing US-China trade tensions. While Beijing may consider tariffs and export restrictions, a moderate depreciation of the yuan is seen as a more effective strategy to mitigate economic impacts and maintain stability. Additionally, potential concessions from China, such as increased purchases of US goods and collaboration on mutual concerns, could help ease tensions.
Investing.com
United States Dollar Chinese Yuan USA CHN
Finance & Economy, Market Report
14:55 18.12.2024
UBS Forecasts USD CNY to Reach 7.5 Amid Ongoing Trade Tensions
UBS forecasts the USD/CNY exchange rate to reach 7.5 by mid-2025, driven by ongoing US-China trade tensions. While Beijing may implement tariffs and export restrictions, a moderate depreciation of the yuan is seen as a more effective strategy to mitigate economic impacts and maintain stability. Additionally, potential concessions from China, such as increased purchases of US goods and collaboration on mutual concerns, could help ease tensions.
Investing.com
United States Dollar Chinese Yuan USA CHN
Finance & Economy, Market Report
14:55 18.12.2024
UBS Predicts USD CNY Exchange Rate to Reach 7.5 by Mid 2025
UBS forecasts the USD/CNY exchange rate to reach 7.5 by the end of the first half of 2025, amid ongoing US-China trade tensions. The bank suggests that while Beijing may implement symbolic retaliatory measures, a moderate devaluation of the yuan is more likely to mitigate economic impacts. Additionally, potential concessions from China could include increased purchases of US agricultural products and cooperation on mutual interests to stabilize relations.
Investing.com Deutsch
United States Dollar Chinese Yuan USA CHN
Finance & Economy, Market Report
14:48 18.12.2024
ubs forecasts yuan depreciation amid us china trade tensions
UBS forecasts the USD/CNY exchange rate to reach 7.5 by mid-2025, driven by ongoing US-China trade tensions. While potential Chinese tariffs and export restrictions may arise, a moderate depreciation of the yuan is deemed more likely to protect the economy from US tariffs without destabilizing the financial system. Beijing may also consider concessions, such as increasing imports from the US, to ease tensions while maintaining economic stability.
Investing.com UK
United States Dollar Chinese Yuan CHN
Finance & Economy, Market Report
14:48 18.12.2024
novartis and global stocks react to shifting political and economic landscapes
Novartis AG is highlighted as one of the oversold global stocks to consider amid significant market shifts following the 2024 US Presidential Election, where President-elect Donald Trump's victory prompted a surge in banking and energy sectors. His proposed tariffs on China could impact global trade dynamics, leading Chinese leaders to contemplate economic stimulus measures to counteract potential fallout. The situation raises concerns about China's economic growth targets amidst changing international trade relations.
Yahoo Finance
United States Dollar Novartis AG USA CHN Donald Trump
Finance & Economy, Market Report
13:45 18.12.2024
ubs lowers givaudan price target to 4380 swiss francs maintains neutral rating
UBS has reduced its price target for Givaudan from 4520 to 4380 Swiss francs while maintaining a "Neutral" rating. Analyst Charles Eden anticipates the company's operating result (EBITDA) for the second half of the year to exceed consensus by 5 percent, with the report due on January 24.
MarketScreener
Swiss Franc Givaudan SA CHE Charles Eden
Finance & Economy, Market Report
10:40 18.12.2024
Indian stock market faces sharp decline amid economic concerns and foreign outflows
India's trade deficit reached a record $37.84 billion in November, driven by high gold imports, raising concerns about the economy. The stock market has faced significant pressure, with the Sensex dropping 2,000 points over three days, influenced by a weak rupee and foreign capital outflows amid cautious market sentiment ahead of the US Federal Reserve's policy meeting.
mint
United States Dollar Indian Rupee Kotak Securities Ltd. USA IND Amit Goela Vinod Nair Shrikant Chouhan Anuj Choudhary Show more
Finance & Economy, Market Report
10:22 18.12.2024
ubs lowers novonesis target price to dkk 455 maintains neutral stance
UBS has lowered the target price for Novonesis A/S to DKK 455, maintaining a neutral stance on the company. As a leading producer of enzymes and micro-organisms, Novonesis generates sales primarily from the cleaning and household products industry (28.5%) and bioenergy (24.8%), with significant contributions from food and human health (22.1%) and agriculture (11.8%). Geographically, North America accounts for 33.9% of sales, followed by Europe-Middle East-Africa (33.5%) and Asia-Pacific (18.5%).
Zonebourse
Danish Krone Novonesis A/S DNK Show more
Finance & Economy, Market Report
09:59 18.12.2024
UBS Adjusts Novonesis Target Price Amid Diverse Global Market Presence
UBS has lowered its target price for Novonesis A/S to DKK 455 while maintaining a neutral rating. The company, a leader in enzyme and microorganism production, generates net sales primarily from cleaning products (28.5%), bioenergy (24.8%), and the food industry (22.1%), with significant revenue from North America (33.9%) and Europe/Middle East/Africa (33.5%).
MarketScreener
Danish Krone Novonesis A/S DNK Show more
Finance & Economy, Market Report
09:59 18.12.2024
Itaú Unibanco Reports Dividend Cut Amid Mixed Analyst Ratings and Market Activity
Itaú Unibanco offers a wide range of financial services, including current accounts, loans, and investment banking. Recently, UBS Asset Management acquired a $1.22 million stake in the bank, while analysts have set a "Moderate Buy" rating with a price target of $7.50. The company announced a dividend of $0.0031, with an ex-dividend date of December 2nd.
MarketBeat
Itaú Unibanco Holding S.A. BRA
Finance & Economy, Market Report
09:22 18.12.2024
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