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Recent Posts

  • Swedish textile recycler Syre to partner with Gap, Target as demand for sustainable clothing grows
    June 24, 2025
  • Uber stock rises as Waymo autonomous rides launch in Atlanta
    June 24, 2025
  • Uber, Waymo launch autonomous ride-hailing service in Atlanta
    June 24, 2025
  • January 13, 2025

British pound slides amidst rising gilt yields and fiscal concerns

-- The British pound continued its recent decline against the dollar and the euro on Monday, driven by rising investor worries about the fiscal sustainability of...

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  • January 13, 2025

Russian rouble slips as oil price and forex action limit sanctions impact

MOSCOW (Reuters) - The Russian rouble eased against the U.S. dollar and China's yuan on Monday as rising oil prices and increased forex sales by the state cushioned the impact of...

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  • January 13, 2025

China boosts support for yuan, increases overseas borrowing limits

-- In a bid to bolster its weakening currency, China has unveiled plans to store more dollars in Hong Kong and improve capital flows. The measures, announced on...

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  • January 13, 2025

Dollar retains strength ahead of CPI release; sterling weakens again

- The US dollar rose Monday, remaining at elevated levels after the stronger-than-expected US payrolls data, while sterling continued to struggle for friends. At...

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  • January 13, 2025

China flags more policy measures to bolster yuan

SHANGHAI/HONG KONG (Reuters) -China announced more tools to support its weak currency on Monday, unveiling plans to park more dollars in Hong Kong to bolster the yuan and to...

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  • January 13, 2025

Surging dollar pressures peers as further Fed cuts in question

By Rae Wee SINGAPORE (Reuters) -The dollar charged higher on Monday and drove its peers to multi-year lows after a blowout U.S. jobs report underscored the strength of the world's...

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  • January 12, 2025

Hong Kong to expand yuan trade finance, Bond Connect schemes, HKMA says

HONG KONG (Reuters) - Hong Kong will launch a new yuan-denominated trade finance scheme and expand the hours and scope of its Bond Connect program for mainland China investors,...

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  • January 12, 2025

Asia FX weakens as dollar surges to 26-mth peak on rising rate jitters

-- Most Asian currencies weakened on Monday, seeing sustained pressure from strength in the dollar as stronger-than-expected U.S. payrolls data fueled increased...

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  • January 10, 2025

Time to short dollar as latest surge suggest 'Trump trade' now priced in

-- The U.S. dollar index surged to multi-year highs on Friday, hitting a level that an expert said would mark the pricing in of the 'Trump Trade,' leaving little room...

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  • January 10, 2025

Sterling falls more, Deutsche Bank recommends selling

The British pound has continued to move lower this week, diverging from the trajectory of UK yields. Deutsche Bank (ETR:DBKGn) recommends selling the pound based on a broad,...

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