Goldman Sachs strategists said that further appreciation of the renminbi is expected to benefit China’s stock market, as the renminbi has shown resilience amid the Sino-US trade dispute. Goldman Sachs strategists wrote in a report on Monday that every 1% appreciation of the renminbi against the US dollar could boost China’s stock market by 3%, […]
Long-term US Treasury yields are rising as investors oppose the expansion of government spending, but Tim Baker of Deutsche Bank warns that if fiscal concerns persist, the dollar could ultimately pay a much higher price. This week, the yield on 30-year US Treasuries soared by more than 5%, reaching its highest level since 2023. This […]
Deutsche Bank said that US Treasuries are facing increasingly fierce competition from Japanese bonds. The rise in Japanese bond yields has made US Treasuries more attractive to local buyers. George Saravelos, the head of foreign exchange research, pointed out that recently there has been a divergence between US yields and the Japanese yen exchange rate. […]
Hedge funds and long-term investors are re-entering the market, hoping that the yen will rebound before possible currency talks between the United States and Japan this week. Japanese Finance Minister Katsunobu Kato said on May 16 that he will seek an opportunity to hold currency talks with the US government of President Donald Trump this […]
Japanese Finance Minister Katsunobu Kato said he will seek another meeting with US Treasury Secretary Janet Yellen next week to discuss currency issues and build on last month’s dialogue. “We confirm that exchange rates should be determined by the market, and excessive volatility may harm economic and financial stability,” Kato said at a press conference […]
According to informed sources, US officials seeking to negotiate global trade agreements have not made efforts to incorporate monetary policy commitments into the agreements. The foreign exchange market is on edge amid concerns that President Donald Trump’s administration is seeking to devalue the US dollar and may use trade negotiations to achieve that goal. On […]
The Bloomberg Dollar Index had its worst day in more than a month, trimming Monday’s gains, as traders questioned the sustainability of the dollar’s rally driven by easing trade tensions between China and the United States. The Bloomberg Dollar Spot Index fell 0.7% on Tuesday as positions in the options market continued to favor the […]
As the Sino-US trade war eases, the US dollar surges and US Treasuries fall, sparking interest in risky assets. The dollar index, which measures the strength of the US currency, rose by 1% as the US and China agreed to temporarily lower some tariffs for 90 days. US Treasuries fell and the yield on two-year […]
After the trade talks between the United States and China ended, financial markets will reopen and it will be decided whether warm words are as effective as actions. President Donald Trump’s advisers announced that the negotiations had made “substantial progress”, but provided few details. After two days of negotiations in Geneva, US Treasury Secretary Scott […]
The dollar continued to rise and the price of gold fell after US President Donald Trump announced a trade framework with the UK, as the safe-haven demand driven by global trade war concerns weakened. Trump said that all the details of the agreement will still be negotiated in the coming weeks. But according to the […]