A new study released by Morgan Stanley shows that investors hoping to profit from a “Goldilocks” environment of rising US stocks but limited losses in the Treasury market should short the US dollar. This scenario for US assets is one of eight scenarios analyzed by the bank when conducting a historical review of the correlation […]
The central bank of Italy, the eurozone’s third-largest economy, has cut its growth forecast for next year due to pressure on exports from global trade tensions. According to the latest forecast released by the Bank of Italy on Friday, the country’s gross domestic product (GDP) is expected to grow by only 0.6% next year, down […]
Olli Rehn, a member of the European Central Bank’s governing council, said that the inflation outlook for the eurozone faces two-way risks and stressed that he and his colleagues have retained full flexibility on interest rates. Finnish officials told Bloomberg Television on Thursday that, in the medium term, faster economic growth could push up consumer […]
According to Japanese media citing a group interview, US Treasury Secretary Scott Bessent said that if the Bank of Japan continues to implement the correct monetary policy, the yen will stabilize at an appropriate level. According to Kyodo News and Nikkei, Bessenet refused to comment on the yen’s exchange rate. This month, the yen has […]
As Trump continues to threaten a 100% tariff increase on China in his tweets, the rebound of the US dollar index has encountered a relatively obvious resistance around 99.50. Powell’s remarks overnight, indicating support for two more rate cuts this year and hinting at a possible halt to balance sheet reduction in the future, have […]
The US dollar rose on Monday as currency traders, disregarding US President Donald Trump’s recent threat of imposing high tariffs on China, turned their attention to the progress of a possible trade deal between the world’s two largest economies. Trump’s unexpected threat on Friday to “significantly raise” tariffs on Chinese goods dealt a heavy blow […]
Asian currencies fell to their lowest levels since May as tensions between China and the United States over trade escalated again, prompting caution among traders. The Bloomberg Asia Dollar Spot Index fell as much as 0.2% to 91.51 on Monday, the lowest level since May 9. The export-sensitive New Taiwan dollar and South Korean won […]
Japan’s new ruling party leader, Sanae Takaichi, sought to reassure investors that she does not favor an overly weak yen, causing the yen to briefly reverse its decline. When Koshi made the above remarks, the yen had earlier on Thursday dropped to its lowest level against the US dollar in eight months at 153.22. Shortly […]
The status of the yen as a safe haven during times of global tension is facing increasing skepticism, which could intensify the selling that sent the yen to an eight-month low this week. For decades, whenever markets have been hit by shocks ranging from financial crises to geopolitical turmoil, investors have turned to the Japanese […]
Emerging market currencies fell on Wednesday, weighed down by a stronger US dollar, as traders analyzed mixed signals from Federal Reserve officials on the future path of interest rates. The MSCI index tracking emerging market currencies fell 0.2%, with the Hungarian forint, Czech koruna, Brazilian real and Polish zloty all dropping by at least 0.8%. […]