Trump Speaks with Xi and Takaichi but Chinese-Japanese Tensions Remain High north Overview: The US dollar is mostly narrowly mixed against the G10 currencies. The Japanese yen is the notable exception. It leads the major currencies with around a 0.35% gain as the dollar slips to a four-day low near JPY156 after peaking last week slightly shy of JPY158. The dollar-bloc [...]
Week Ahead: Will Renewed Speculation of Fed Cut Next Month Cap the Greenback? north All of the G10 currencies weakened against the dollar last week, and six fell by more than 1%. With the help of an explicit threat to intervene by Japan's Ministry of Finance, the yen bounced almost 0.7% before the weekend and lifted off the 10-month low. The Swiss franc was the weakest of the [...]
Risk-Off Friday north Overview: The sharp fall in global equities after the stunning reversal in the US yesterday is the main development today. The largest markets in the Asia Pacific region fell more than 2% today. Europe's Stoxx 600 is off more than 1%. It is selling off for the sixth session in the past seven. [...]
Budget 2025: Seizing the opportunity of digital assets north With the UK Chancellor set to deliver the 2025 Budget, the government faces a defining moment: Beyond the headlines about tax and spending, this Budget carries wider significance for Britain’s long-term competitiveness.
Euro Stabilizes above $1.15, while the Yen Remains Vulnerable north Overview: The US dollar is little changed against most of the G10 currencies as the North American session is about to get underway. There were some follow-through greenback gains after yesterday's advance but limited. The dollar's rally against the yen continued. It reached almost JPY157.80 [...]