Morgan Stanley strategists said that due to the uncertainty of US policies, the market is increasingly confident in the safe-haven status of the Swiss franc, and the exchange rate of the Swiss franc against the US dollar may soar by 17%. In a report, strategists led by David Adams wrote that Switzerland’s low inflation, fiscal […]
The yen is set to record its biggest weekly gain since November 2024 as the market believes that Prime Minister Kishida Fumio’s victory will enable her to expand fiscal stimulus while maintaining confidence in the financial markets. The yen has strengthened against the US dollar for four consecutive trading days, rising by about 2.8% so […]
The U.S. non-farm payrolls report for January, released on Wednesday, showed that non-farm payrolls rose by 130,000, about twice the median forecast of economists surveyed by Bloomberg. The unemployment rate unexpectedly dropped from 4.4% to 4.3%. Fed officials had already pointed out at last month’s policy meeting that signs of economic stabilization were a reason […]
Tensions in the Middle East surrounding OPEC member Iran have supported the risk premium of oil prices, causing them to rise for two consecutive days. Brent crude was slightly below $69 a barrel after rising more than 2% in the previous two trading days, while West Texas Intermediate was close to $64 a barrel. The […]
The European Central Bank will assess the impact of the recent appreciation of the euro on consumer price growth in its quarterly forecast to be released in March, but Executive Board member Piero Cipollone told the Cyprus News Agency that the recent move was rather limited. According to a record released on the website of […]
The yen is set to post its biggest weekly decline since October last year as traders expect the Liberal Democratic Party led by Prime Minister Sanae Takaichi to secure a decisive victory in the election this weekend. The Japanese yen has weakened for four consecutive trading days and approached the 157 yen to the dollar […]
Oil prices rose for a second consecutive day as geopolitical tensions flared up again after the US shot down an Iranian drone near a US aircraft carrier in the Arabian Sea. Brent crude oil prices rose to around $68 a barrel after climbing 1.6% on Tuesday, while West Texas Intermediate crude oil prices were close […]
Asian stocks rebounded after suffering their biggest one-day drop since April, following sharp swings in gold and silver prices that rattled other asset prices. The market then stabilized. Precious metal prices rose in early trading. The MSCI Asia Pacific Index rose more than 1.5%, with technology stocks leading the gains. South Korea’s stock market, a […]
After suffering its biggest drop in more than a decade on Friday, gold’s decline continued, and the price of silver also fell further, reversing the record-breaking rally that had seemed to rise too fast and too far. Spot gold prices once dropped by 8%, and currently have fallen by nearly one fifth from the record […]
It is reported that US President Donald Trump is preparing to nominate Kevin Warsh as the next chairperson of the Federal Reserve. Boosted by this news, both the US dollar and US Treasury bond yields have strengthened. The yield on the 10-year U.S. Treasury note rose 3 basis points and that on the 30-year note […]