Japanese authorities intervened aggressively in the foreign exchange market during July, spending a substantial 5.53 trillion yen ($36.8 billion) to support the yen. This intervention, confirmed by the Ministry of Finance, followed the yen’s sharp …
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Dollar Soars on Geopolitical Tensions, Pound Falls After Rate Cut
The US dollar strengthened on Thursday as escalating geopolitical tensions in the Middle East boosted its safe-haven appeal. Meanwhile, the British pound fell after the Bank of England cut interest rates from a 16-year high. …
Continue readingSuntory CEO Calls for Gradual Interest Rate Hikes in Japan
Suntory CEO Takeshi Niinami has urged the Bank of Japan (BOJ) to continue its gradual interest rate hikes, aiming for a 1% rate by next year. Niinami, who also heads one of Japan’s largest business …
Continue readingTrump’s Return Could Boost US Rail Stocks: Wells Fargo
Wells Fargo analysts believe a potential return of former President Donald Trump to the White House could significantly benefit US rail stocks. The bank highlights that Trump’s economic and trade policies, which previously fueled transportation …
Continue readingTokyo CPI Offers Mixed Signals for BOJ Ahead of Policy Meeting
Tokyo’s consumer price index (CPI) data for July presented a mixed bag for the Bank of Japan (BOJ) as it prepares for its policy meeting next week. While core CPI inflation remained at 2.2%, indicating …
Continue readingBank of Canada Cuts Rates, Signals More Easing Amid Economic Concerns
The Bank of Canada (BoC) has trimmed its key interest rate by 25 basis points for the second consecutive month, bringing it to 4.5%. This decision signals a shift towards a more dovish stance, acknowledging …
Continue readingEurozone Inflation Set to Ease, Could Dip Below 2% by 2026
The European Central Bank’s (ECB) latest Survey of Professional Forecasters predicts that eurozone inflation will continue to slow in the coming years. The survey suggests that inflation could even fall below the ECB’s 2% target …
Continue readingChina Cuts Interest Rates in Surprise Move to Boost Economy
China surprised markets on Monday by cutting both short-term and long-term interest rates, the first broad rate reduction since August 2023. The move signals a proactive approach to stimulate the country’s slowing economy. The cuts, …
Continue readingAsian Currencies Weaken on US-China Trade Worries, Dollar Gains
Asian currencies experienced a downturn on Friday as anxieties over escalating trade tensions between the US and China dampened investor sentiment. The US dollar, benefiting from safe-haven demand, saw a rise even as expectations of …
Continue readingDollar Rises on Safe-Haven Demand, Sterling Drops on Weak Retail Sales
The US dollar rose against a basket of currencies on Friday, driven by its safe-haven appeal amidst global uncertainties. The greenback benefited from concerns about worsening US-China relations, uncertainty surrounding the US presidential race, and …
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