Wonderful introduction:
Walk out of the thorns, there is a bright road covered with flowers; when you reach the top of the mountain, you will see the cloudy mountain scenery like green clouds. In this world, a star falls and cannot dim the starry sky, a flower withers and cannot desolate the whole spring.
Hello everyone, today XM Foreign Exchange will bring you "【XM Foreign Exchange】: Collection of positive and negative news that affects the foreign exchange market". Hope it will be helpful to you! The original content is as follows:
China's foreign exchange reserve scale has increased: On September 7, the State Administration of Foreign Exchange released data showing that as of the end of August 2025, China's foreign exchange reserve scale was US$332.2 billion, an increase of US$29.9 billion from the end of July, an increase of 0.91%, setting a new high since January 2016. This data shows that the stability and resilience of China's foreign exchange market have increased, which has strong support for the RMB exchange rate.
The People's Bank of China has increased its holdings of gold for 10 consecutive months: Data released by the State Administration of Foreign Exchange showed that China's gold reserves were 74.02 million ounces at the end of August, an increase of 60,000 ounces from the end of July, making it the 10th consecutive month of gold increase. The proportion of gold reserve balance in the foreign exchange reserve balance during the same period increased by 0.23 percentage points month-on-month to 7.64%, setting a new historical high. The central bank's increase in gold holdings will help optimize the international reserve structure and enhance market confidence in the RMB.
Federal interest rate cut expectations heat up: U.S. non-farm employment data in August has unexpectedly weakened, triggering market concerns about the recession, and the Fed's expectation of interest rate cuts has risen sharply. CME Federal Reserve Observation Tool shows that as of September 6, the market expects the probability of a rate cut in September to be 100%, of which 89% is a 25 basis point cut, and 11% is a 50 basis point cut, and a 75 basis point cut in the whole year of 2025. The rising expectations of the Fed's interest rate cut will lead to a weakening of the US dollar, which is beneficial to non-dollar currencies.
Goldman Sachs report shows that gold bulls are enthusiastic: Goldman Sachs' latest survey report shows that the ratio of investors who are bullish gold price trends to bears is close to 8 to 1, and gold has become the most popular long trade in the Goldman Sachs survey for the first time. This situation reflects the strong market's optimistic view of gold, butIt can attract more funds to flow into the gold market, which in turn affects the exchange rate of the relevant currencies.
Soft US economic data has caused global economic concerns: US non-farm data was bleak last Friday, igniting market concerns about the recession. The three major U.S. stock indexes opened high in the early trading and then opened high and closed low, and the Nasdaq fell by more than 1.5% from the day-high. As the world's largest economy, the weaker U.S. economic data may trigger concerns about slowing global economic growth, leading to a decline in investor risk appetite and flow of funds to safe assets, putting pressure on risky currencies.
OPEC+ production increases aggravate oversupply concerns in the crude oil market: On September 7, OPEC+ member states held an online meeting and decided to increase the average daily output by 137,000 barrels in October. This move has exacerbated market concerns about oversupply of crude oil and led to a decline in international oil prices. The decline in crude oil prices may affect the currency exchange rates of relevant oil-producing countries, and may also have an impact on global inflation levels, which in turn affects the monetary policies and foreign exchange markets of various countries.
The exchange rate trend of some currencies is weak: Judging from the exchange rate data on September 8, some currencies perform weaker than other currencies. For example, the RMB exchange rate against currencies such as Gibraltar Pound, Ethiopian Bill, and Jamaican Dollar, while the offshore RMB exchange rate against Papua New Guinea Kina also fell. The weakening of these currencies may be caused by factors such as economic fundamentals, monetary policies and other factors in their respective countries or regions, and will also have a certain impact on the overall pattern of the foreign exchange market.
Overall, on September 8, the foreign exchange market faced a www.stofoco.complex situation, with positive and negative news intertwined. Investors need to pay close attention to changes in these news, as well as the policy trends and economic data of central banks in order to make reasonable investment decisions.
The above content is all about "【XM Foreign Exchange】: Collection of positive and negative news that affects the foreign exchange market". It was carefully www.stofoco.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues: