Tag: FX
Unwinding of Hugely Popular Currency Trade Rocks Markets
Jennifer -
A sharp drop in Mexico's currency following a landslide election result has caused significant disruption in foreign exchange markets, affecting currencies as far away...
Japanese Yen Weakens to 4-Week Low, Euro Slips Post German Inflation Data
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On Wednesday, the Japanese yen touched its lowest level in four weeks against the US dollar amid escalating US yields, fostering a resurgence in...
Dollar Edges Down Ahead of Data, Poised for First Monthly Drop in 2024
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The U.S. dollar experienced a slight decline on Tuesday, maintaining tight ranges against its counterparts as investors awaited crucial inflation data releases from major...
Asia FX Remains Subdued Ahead of Fed Minutes; NZD Surges on Hawkish RBNZ
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On Wednesday, most Asian currencies maintained a narrow range as the dollar stabilized, awaiting further signals on U.S. interest rates from the Federal Reserve's...
What mutual funds follow the s&p 500?
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Mutual funds tracking the S&P 500 index offer investors a convenient way to gain exposure to a diversified portfolio of large-cap U.S. stocks. These...
BofA Expresses Optimism on INR Pre-Election, Urges Caution on USDINR
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Bank of America (BofA) has unveiled a bullish perspective on the Indian Rupee (INR) as India approaches its elections. The analysis underscores a favorable...
Dollar Softens on Softening Labor Data, Pound Recovers Post-BoE Announcement
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The dollar weakened against most currencies following the release of economic data indicating further softness in the U.S. labor market. Concurrently, the pound rebounded...
UBS Analyzes Historical Trends to Forecast USD/JPY Movement
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Despite last week's official intervention, the Japanese yen struggles to sustain gains against the U.S. dollar, prompting UBS to anticipate a potential medium-term decline...
Dollar Strengthens on Rate Outlook, Yen Continues Decline for Third Consecutive Day
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The dollar experienced gains as investors maintained confidence in the outperformance of the U.S. economy, leading to its third consecutive day of strength against...
Dollar Strengthens as Yen Weakens Amid Intervention Concerns
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On Wednesday, the dollar regained its footing, posting modest gains following earlier losses attributed to renewed expectations of Federal Reserve rate cuts later this...
Yen Weakens Despite Intervention Threat; Aussie Slips After RBA Decision
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On Tuesday, the Japanese yen extended its decline against the US dollar, influenced by substantial interest rate differentials, despite renewed warnings from Japanese authorities...
Japan’s Top FX Official Assures 24-Hour Vigilance, Declines Comment on Intervention
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Masato Kanda, Japan's top currency diplomat, affirmed on Tuesday that authorities stand ready to address foreign exchange matters at any time, emphasizing their readiness...