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905 days ago

Lira takes a record fall against the USD on Syria offensive

The Turkish Lira extended its slide to a record low--the currency depreciated as much as 0.4% to 9.0398 per US dollar after Erdogan hinted at eliminating threats from Syria. The move threatens to bolster tensions with the US because the US is backing Kurdish fighters located in a region Turkey opposes. 

#Forex

906 days ago

USD/JPY trades at 33-month high, the yen's weakest level since April 2019

The big news for Japan today is that strong market action came as the Japanese yen weakened after the new PM said that the government will take necessary steps to redistribute wealth through wage hike incentives instead of a higher capital gains tax.

#Forex

917 days ago

Dollar at the highest since November

As Treasury yields keep rising, the greenback has been sent to its highest level in almost a year. The dollar outperformed all of its Group-of-10 peers, with the New Zealand dollar and Norwegian krone among the biggest losers. The euro declined to a 10-month low. Source: Bloomberg 

#Forex
Dollar at the highest since November

931 days ago

This correlation says Chinese stocks about to pop or USD/CNY will

The yuan appears artificially high versus the reality facing Chinese stocks.

#Forex
This correlation says Chinese stocks about to pop or USD/CNY will

938 days ago

What will ECB tapering mean for the DAX?

ECB to detail bond purchases & the markets will follow the decision closely b/c, for example, the Dax runs in tandem w/ECB balance sheet.

#Bonds #Forex
What will ECB tapering mean for the DAX?
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