US dollar makes modest weekly gain after soft inflation data

US dollar makes modest weekly gain after soft inflation data

The U.S. dollar was almost flat on Friday after dipping following fresh inflation data that showed U.S. consumer prices increased less than expected in September, keeping the Federal Reserve on track to cut interest rates again next week. The Consumer Price Index rose 0.3% last month and 3.0% in the 12 months through September. Economists … Read more

China should grasp strategic initiative amid rising uncertainties, Xi says

China should grasp strategic initiative amid rising uncertainties, Xi says

China faces a confluence of strategic opportunities and challenges amid rising uncertainties and should “firmly grasp the strategic initiative,” President Xi Jinping said during a meeting on Beijing’s new five-year plan, state media reported on Friday. China should strive for breakthroughs in key technologies, Xi added, according to the official Xinhua news agency. The meeting … Read more