USD/KRW: BofA forecasts Korean Won to hit weakest level since 2012
USD/KRW: BofA forecasts Korean Won to hit weakest level since 2012
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NVIDIA leads the charge in a bull market | Forexlive
The excitement around artificial intelligence is beginning to resemble the California gold rush; only now are companies, not individuals, chasing the new El Dorado. Representatives of all industries seem determined to incorporate the latest technology into their operations to increase productivity and reduce costs. Merchants find themselves in a situation similar to that of 150…
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NZD/USD Exchange Rate Falls from Nearly 5-Month High
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…
EUR/USD Falls as German Economy Contracts • Dumb Little Man
German Economy Shrinks in Q2 The German economy contracted in the second quarter, contrary to expectations of a minor expansion. Initial data from Destatis showed the economy shrinking by 0.1% in Q2, compared to forecasts of 0.1% growth and 0.2% growth in Q1. According to the Federal Statistical Office (Destatis), ‘investments in equipment and buildings,…
US Dollar adds ground to close a strong week
US Dollar rises after UoM positive data. Consumer confidence improves, inflation expectations were mixed. FOMC cuts rates by 25 bps, economic growth remains solid. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rose on Friday. This comes after positive University of Michigan data and the…
Nvidia (NVDA) Shares Fall Despite Strong Earnings
Yesterday, after the close of the main trading session, Nvidia released its second-quarter earnings report: → Earnings per share: actual = $0.67, expected = $0.647;→ Revenue: $30.04 billion, expected = $28.737 billion;→ The company also announced a $50 billion share buyback. However, despite the strong results, Nvidia’s share price declined. While the closing price yesterday…
