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Weak dollar fails to reinvigorate lira
2023-07-20The speed of the dollar’s recent decline took some by surprise. Signs of cooling labour market and prices growth has bolstered expectations that the Fed is close to win the war against inflation without sparking a recession.
Yen breaks above 140 on shrinking bullish dollar bets
2023-07-13The yen climbs its strongest in a month though predictions that the currency was poised for a 10% rally as Japan reassessed its ultra-dovish monetary policy have yet to pan out.
‘British disease’ chips away at sterling strengthens
2023-07-07The U.K. has become the only country among the G7 wealthy nations where inflation is still rising, according to data from the OECD.U.K. consumer prices across all items rose to 7.9% in May when compared to the previous year, the OECD said, up slightly from 7.8% in April.
Saudi’s new attempt to lift crude prices barely impresses
2023-07-05Saudi Arabia said it would extend its oil-export cut of 1 million bpd for another month while Russia said it would make a voluntary supply cut of an additional 500,000 bpd next month.
Yen set to stop bleeding regardless of Japan’s will
2023-06-30The dollar rose to a seven-month high against the yen this week. Kazuo Ueda suggested it is possible to start normalizing monetary policy if the BOJ becomes confident inflation will pick up next year.
U.S. natural gas eyes $3 on rising temperatures
2023-06-27U.S. natural gas futures climbed to their highest level in more than three months on Monday, with demand for LNG exports rising and soaring temperatures expected to boost cooling demand, especially in Texas.
This bull market is still hated
2023-06-26According to data from S3 Partners, the amount spent by short sellers against US stocks hit $1.02 trillion, as of Friday. Those bets came even as the continued to rally earlier this month, costing short sellers $101 billion.
Oil prices are in turmoil amid market noise
2023-06-19Oil traders were on a bumpy road last week. Prices hit over one-month low on Monday after Goldman Sachs cut oil price forecasts from $95 to $86 for Brent and from $89 to $81 for WTI.
Japan stocks FOMO is luring investors back
2023-06-15Japan’s Nikkei 225 Stock Average has doubled since its pandemic low as investors continue to rush into one of this year’s biggest stock rallies.
The Swiss franc trounces its rival in a volatile year
2023-06-14The yen has sunk to historic lows against the Swiss franc last month as Japan’s chronic trade deficits diminish its currency’s safe-haven status.
FX intervention last straw for beleaguered yen
2023-06-07Asset managers joined hedge funds in increasing yen-bearish positions amid speculation the BOJ isn’t likely to rush to adjust its ultra-easy monetary policy.
Sterling outpaces euro uncomfortably as Brexit backfires
2023-06-02Sterling hit a 5-1/2 month high against the euro on Wednesday after data showing lower inflation in major European markets.The euro is down around 1.5% against the pound in May, which would be the biggest monthly decline since October.
Turkish lira sinks to record low after Erdogan victory
2023-05-29The Turkish lira sank to a fresh record low Monday as incumbent Recep Tayyip Erdogan secured his victory in the 2023 presidential election, extending his rule into a third decade in power.
Improving economic outlook clouds the Fed’s path
2023-05-19The Fed signaled that it could pause rate hikes after May’s meeting, so investors become convinced that the dollar is near its tipping point and the Fed will cut rates by the end of this year.
