The latest data highlights the strong momentum of the US economy, and the US dollar has seen its longest single-day rally since February. The Bloomberg Dollar Spot Index rose 0.3% to the highest level since June 23, on track for a fifth consecutive gain. On Wednesday, both U.S. economic growth and inflation data exceeded expectations, […]
Over the past three months, the Japanese yen has underperformed all major currencies. With the intensification of political risks, the yen may face the risk of further depreciation. Strategists are bearish on the yen, predicting that the outcome of Japan’s general election will boost government spending, while the impact of US tariffs may still slow […]
Asian stocks fell for the third consecutive day as the momentum from recent trade deals waned and investors remained cautious amid a week brimming with economic data and corporate earnings reports. The MSCI Asia-Pacific Index dropped 0.8%, with the Hong Kong stock market leading the decline. The US dollar steadied on Tuesday after posting its […]
European Central Bank President Christine Lagarde said that due to the trade uncertainty in the United States, the European Central Bank has kept interest rates unchanged for the first time in over a year and is currently in a “wait-and-see” mode. On Thursday, the deposit rate was held at 2% – in line with the […]
Asian stocks have enjoyed their longest rally since January, as signs that more trade deals may follow the US-Japan agreement have given bulls new confidence. The MSCI Asia-Pacific Index rose 1%, marking its sixth consecutive day of gains, while Japan’s Nikkei 225 Index climbed 2%. U.S. Treasury yields declined slightly for the second consecutive day, […]
After the United States and Japan reached a trade agreement, the record-breaking rally in global stock markets gained new momentum. The deal, struck with a key trading partner, alleviated concerns over a tariff war. Asian stocks rose by the most in a month, helping the MSCI All-Country World Index expand its gain for the year […]
T. Rowe Price Group Inc. is optimistic about local bonds in Thailand and Malaysia, believing that further monetary easing policies will outweigh currency gains and become the main driver of investor returns. Leonard Kwan, a portfolio manager at the US asset management firm based in Hong Kong, said that after the Bank of Malaysia announced […]
Due to the setback suffered by Prime Minister Ishiba Shigeru’s ruling coalition in the upper house election, which has brought uncertainty to the country’s policy direction, the Japanese yen and stock market may experience fluctuations this week. Ishiba Masashi said that despite the Liberal Democratic Party (LDP) being in power for the first time since […]
Due to speculation about the future of Federal Reserve Chair Jerome Powell, the US stock market experienced a volatile trading day. The US dollar recovered some of the ground lost on Wednesday, while Asian stock markets struggled to find their direction. The US dollar rose against all G10 currencies, continuing its upward trend this month. […]
Strategists at HSBC Holdings PLC say the relentless selling of the US dollar is starting to look like a bubble – and, like all bubbles, it will eventually burst. In a research note, HSBC strategists led by Paul Mackel wrote that traders seem to be fixated on the dollar’s sharp decline this year and are […]