As talk of dollar’s doom heats up, BofA pushes back, says global demand is surging

The major currencies saw a lot of action as traders took their cues from central bank updates, China’s new stimulus measures, and closely watched data releases. Source link

Markets, like life, are made up of mistakes. Donald Trump is mistaken when he claims a total victory for the United States, although Iran continues to control the Strait of Hormuz. Investors clearly overestimated the ability of central banks to tighten monetary policy due to the crisis in the Middle East. Now they have increased…

ALT21 has announced that its flagship solution for banks, BankHedgeTM, is now integrated with the Temenos banking platform and available for banks globally on the Temenos Exchange ecosystem of partner solutions. BankHedge will enable Temenos banking clients to fully automate their entire FX hedging process including the automation of settlements, to create seamless multi-currency management…

Finteum, the intraday liquidity management platform for global financial institutions, has announced that it has reached USD 1 billion in weekly intraday FX swap trades. This milestone, driven by increased volumes from participant banks, underscores Finteum’s role in optimising intraday liquidity for global institutions and creating efficiency for the established USD 10 trillion per day…

NMD Pharma Announces FDA Orphan Drug Designation Granted to NMD670 for the Treatment of Patients with Charcot-Marie-Tooth Disease This is the 2nd orphan drug designation granted to the skeletal muscle-specific drug therapy NMD670 Under this newly granted orphan drug designation, NMD670 is currently being evaluated in a Phase 2 clinical trial in adult patients with…

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