On Thursday, the majority of US President Donald Trump’s global tariff measures were ruled illegal and blocked by the US trade court, boosting US assets. Nvidia Corp.’s optimistic earnings report also lifted investor sentiment. The Trump administration will appeal the ruling. After the ruling was announced, the S&P 500 and Nasdaq 100 index futures rose […]
For decades, Asia’s export powerhouses have followed a simple financial strategy: sell goods to the United States and then invest the proceeds in US assets. As Donald Trump attempts to reshape global trade and the US economy, upending the logic behind the $7.5 trillion in investment in Asia, this model is now facing its biggest […]
Kazuo Ueda, the governor of the Bank of Japan, made it clear that if the economy improves as expected, he will continue to raise the benchmark interest rate. This move has boosted the yen. Ueda said at an international conference hosted by the Bank of Japan in Tokyo that “we will adjust the degree of […]
Goldman Sachs strategists said that further appreciation of the renminbi is expected to benefit China’s stock market, as the renminbi has shown resilience amid the Sino-US trade dispute. Goldman Sachs strategists wrote in a report on Monday that every 1% appreciation of the renminbi against the US dollar could boost China’s stock market by 3%, […]
Long-term US Treasury yields are rising as investors oppose the expansion of government spending, but Tim Baker of Deutsche Bank warns that if fiscal concerns persist, the dollar could ultimately pay a much higher price. This week, the yield on 30-year US Treasuries soared by more than 5%, reaching its highest level since 2023. This […]
Deutsche Bank said that US Treasuries are facing increasingly fierce competition from Japanese bonds. The rise in Japanese bond yields has made US Treasuries more attractive to local buyers. George Saravelos, the head of foreign exchange research, pointed out that recently there has been a divergence between US yields and the Japanese yen exchange rate. […]
Hedge funds and long-term investors are re-entering the market, hoping that the yen will rebound before possible currency talks between the United States and Japan this week. Japanese Finance Minister Katsunobu Kato said on May 16 that he will seek an opportunity to hold currency talks with the US government of President Donald Trump this […]
Japanese Finance Minister Katsunobu Kato said he will seek another meeting with US Treasury Secretary Janet Yellen next week to discuss currency issues and build on last month’s dialogue. “We confirm that exchange rates should be determined by the market, and excessive volatility may harm economic and financial stability,” Kato said at a press conference […]
According to informed sources, US officials seeking to negotiate global trade agreements have not made efforts to incorporate monetary policy commitments into the agreements. The foreign exchange market is on edge amid concerns that President Donald Trump’s administration is seeking to devalue the US dollar and may use trade negotiations to achieve that goal. On […]
The Bloomberg Dollar Index had its worst day in more than a month, trimming Monday’s gains, as traders questioned the sustainability of the dollar’s rally driven by easing trade tensions between China and the United States. The Bloomberg Dollar Spot Index fell 0.7% on Tuesday as positions in the options market continued to favor the […]