News
Fed's Bostic: even with rising productivity, the Fed needs to keep focus on inflation
54+ min ago (166+ words) Despite promising gains in productivity, Bostic remains a hawk on price stability. He cautioned against reacting too impulsively to short-term economic "noise," suggesting that overreacting to immediate pressures could create compounded instability down the road. The primary mandate remains inflation,…...
Australian Dollar in the spotlight ahead of the monthly CPI report. What's next?
2+ hour, 27+ min ago (424+ words) The US dollar weakened across the board on Friday after the US Supreme Court struck down Trump's reciprocal tariffs. The resulting policy uncertainty is what is likely to have weighed on the greenback, even though nothing has actually changed. Trump…...
Dollar may yet benefit from further US-Iran geopolitical escalation - BofA
2+ hour, 36+ min ago (228+ words) That being said, BofA is taking on a different view here with Iran being a bigger risk factor for both the oil market and equities. Taking that into consideration, they argue that the dollar may yet benefit from any material…...
The Japanese Yen sinks as PM Takaichi signals opposition to further BoJ rate hikes
3+ hour, 11+ min ago (489+ words) The US dollar weakened across the board on Friday after the US Supreme Court struck down Trump's reciprocal tariffs. The resulting policy uncertainty is what is likely to have weighed on the greenback, even though nothing has actually changed. Trump…...
Japanese yen falls on report that Takaichi voiced concerns to Ueda on BOJ rate hikes
3+ hour, 34+ min ago (371+ words) This relates to their meeting last week here: BOJ governor Ueda says had regular information exchange with Japan prime minister Takaichi It was a short and quick meeting, with it lasting for less than 20 minutes at the time. Yet, it's…...
Swiss franc to stay favourable amid safe haven allure
8+ hour, 12+ min ago (223+ words) The Swiss franc is not one that is talked about too often but as mentioned last week, it is certainly one key spot to take note of in the major currencies space. If not for geopolitical tensions, then at least…...
USD/CNY drops to 2½-year low as onshore yuan surges
9+ hour, 59+ min ago (358+ words) The onshore yuan hit a 2-year high as USD/CNY fell below 6.90, with the PBOC signalling greater tolerance for strength. USD/CNY falls to 6.8954, lowest in 2 years (since May 2023, so a bit longer) Onshore yuan (CNY) hits fresh multi-year high…...
UBS targets USD 6,200 gold on Fed cuts and elevated geopolitical risk
14+ hour, 43+ min ago (247+ words) UBS sees gold climbing to USD 6,200 as geopolitics, Fed cuts and tight supply reinforce the bull case. UBS lifts conviction on gold, targets USD 6,200/oz in coming months Geopolitical risks seen staying elevated amid US'Iran tensions Fed easing cycle expected…...
Major US stock indices close lower as markets ponder uncertainty from tariffs
14+ hour, 57+ min ago (167+ words) The major US stock indices are closing down over 1% with the Dow industrial average down -1.66%. Shares of IBM tumbled -13.13% (that is a bad luck number). Shares of American Express were down -7.21%, and Visa fell -4.57%. Other big losers for the day…...
RBA Economist Plumb Focuses on CPI for Forecasting
15+ hour, 18+ min ago (600+ words) Reserve Bank of Australia economist Plumb Will continue to focus on quarterly CPI data for forecasting Have also been analysing underlying inflation measures using monthly CPI Remain focused on quarterly trimmed mean, any change some way off Aim to assess…...