Asia FX tepid ahead of US inflation; BOJ rate hike looms

The NZD/USD exchange rate has dropped from its highest level in nearly five months. On Wednesday, following the release of US inflation data, the NZD/USD rate exceeded 0.6220 for the first time since 15 January 2024. However, today the rate has fallen approximately 1.3% from Friday’s peak, suggesting that the market’s reaction to the US…

TELF AG sponsors the ICDA Sustainability Awards, honoring industry leaders advancing sustainability through environmental and social initiatives, fostering cleaner energy and responsible management. Lugano, Switzerland, Feb. 23, 2025 (GLOBE NEWSWIRE) — TELF AG has recently published an article on its sponsorship of the third edition of the International Chromium Development Association (ICDA) Sustainability Awards, which…

ANCHORAGE, Alaska, Dec. 22, 2024 (GLOBE NEWSWIRE) — Alaska Permanent Capital Management, Co. (APCM) announced it is engaged in a transaction to be acquired by Blue Umbrella, LLC. The transaction is expected to close by March 2025, and will make Blue Umbrella the majority owner of APCM and its subsidiary company, Alaska Wealth Advisors. Outgoing…

Wells Fargo is projecting US retail sales to be +0.6% m/m, with a bounce in auto sales and higher prices set to provide a sizable lift to the headline reading. But when excluding autos, the firm says “we look for the sales gain to be half as large (+0.3%)”. That as “consumers have shown signs…

The market chorus has been singing the same hymn for weeks now: US dollar weaker, softer growth, dovish Fed. Positioning has followed the song sheet, with every desk carrying the same pocket playbook. But when everyone is huddled on the same side of the boat, it doesn’t take much of a wave to set things…

2024.09.12 2024.09.12 Pound Loses Ground Against Greenback. Forecast as of 12.09.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The pound sterling is trying to use its advantages, but they are no longer relevant. The UK economy is expanding. However, wages are decelerating. Why does the Bank of England delay a repo rate cut? Let’s discuss this topic and make a…