Asia FX: yen hits 1-1/2-yr low on Japan election talk; China trade data in focus

Asia FX: yen hits 1-1/2-yr low on Japan election talk; China trade data in focus
Source link

Asia FX: yen hits 1-1/2-yr low on Japan election talk; China trade data in focus
Source link
USD: Softer amid intra-day volatilityAmid much intra-day volatility, DXY is down around 0.5% on the week. That’s not much, but DXY is now just a whisker away from the lowest levels in two years. The story here is fading US exceptionalism as acknowledged by the Fed in this week’s pre-emptive 50bp rate cut. So far,…
The news broke that Trump is escalating his underhanded attacks on the Federal Reserve: NYT: Federal prosecutors open probe into Fed chair Powell amid renovation scrutiny Summary: NYT reports federal prosecutors have opened a probe involving Fed Chair Powell Specific allegations and scope are unclear from the headline alone Context includes intense political attacks over…
Commodity currencies, particularly the Australian and Canadian dollars, remain under pressure ahead of the Jackson Hole Symposium, as investors await signals from Jerome Powell on the future trajectory of the Federal Reserve’s monetary policy. Adding to the uncertainty were the recently released FOMC minutes: most Committee members expressed concern about accelerating inflation amid tariff policies…
Elon Musk wants to buy OpenAI, but Sam Altman isn’t selling. The ChatGPT-maker’s CEO dismissed a $97.4 billion bid from a Musk-led consortium, according to the BBC. The rejection highlights a growing rivalry between Altman and Musk, who co-founded OpenAI but later split over its direction. While Musk argues that OpenAI has strayed from its…
Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov Hi Traders! EURNZD short term forecast update and follow up is here. On April 22nd, 2025 I shared this “EURNZD Technical Analysis And Short Term Forecast” post in our blog. In this post, let’s do a…
2024.10.30 2024.10.30 Top 10 Strongest Currencies in the World in 2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ In times of global instability, currency markets face numerous factors influencing the value of national currencies. Variables like inflation, interest rates, and trade balance play a crucial role in shaping the exchange rate. The highest currency serves not only as a sign…