Agri-food companies could lose up to 1/4 of their value by 2030 if they don’t adapt to new regulations and consumer trends related to climate change. Research presented on Tuesday examined 40 large companies. The companies, including food retailers and agricultural producers, could fare under scenarios called “key to reducing emissions,” such as if people …
The yuan slipped below a key level on Monday after further easing of monetary policy. Other Asian currencies fell in anticipation of a Federal Reserve meeting later this week. The yuan saw a 0.4% drop. It traded at 7.0080 against the dollar. The Chinese currency crossed the significant seven thresholds for the second day in …
Just over half of the economists predict that Japan would not step in to stop the yen’s drop, while a fifth suggested that intervention could be necessary if the yen fell below 150 to the dollar. The yen has lost nearly 20 percent against the dollar this year. It hit a 24-year low of 144.99. …
As the market prepared for yet another aggressive rate rise by the Federal Reserve, the U.S. dollar slipped down in early European trade on Tuesday. Still, it maintained its proximity to a 20-year high. The Dollar Index compares the dollar’s value to a basket of six other currencies. This index was 0.1% down at 109.297 …
Investors anticipated the U.S. Fed to be proactive when it raises interest rates next week, which led to the dollar index’s tiny decline on Friday but gain for the week. Meanwhile, the Chinese yuan fell through the crucial 7 per dollar level. Following U.S. statistics showing a minor improvement in consumer confidence in September, the …
Yuan Dips Beyond Milestone, Will Dollar Dip Continue? Read More »
The US dollar rose in early European trading on Thursday as buyers readjusted their positions ahead of next week’s Fed meeting. The yen also struggled to maintain the uptrend of the previous session. The Dollar Index compares the dollar’s value against six other currencies. It rose 0.2% to 109.593 at 02:50 ET (06:50 GMT), not …
Yen Resumes Its Downward Trend, Will It Recover Soon? Read More »
Early on Wednesday in European trading, the U.S. dollar steadied. The new U.S. inflation data boosted the dollar. The Dollar Index (DXY) measures the dollar’s value against six currencies. It was steady at 109.510 at 03:00 ET (07:00 GMT); after rising 1.5% overnight. In particular, the so-called “core CPI” increased by 0.6%. It exceeded expectations …
Before the much-awaited U.S. inflation data publication, the dollar dropped in European trade this Tuesday. The Dollar Index was trading 0.3% down at 107.803 at 03:05 ET (07:05 GMT), extending a decline from the 20-year high of 110.79 last week. The U.S. CPI for August will be the final key indicator of the country’s …
Focus on U.S. Inflation Data Sank the Dollar’s Recent Gains Following recent strong gains, the dollar on a basket of currencies dropped to its lowest level in more than two weeks on Monday as investors felt uneasy ahead of U.S. inflation data and as central banks outside of the United States looked to be becoming …
Focus on U.S. Inflation Data Sank the Dollar’s Recent Gains Read More »
A few weeks back, EUR/USD hit 1.0, and it has been floating around that spot ever since. With a combined growth in the US and a decline in the EU, the two currencies were more or less equalized and still are. However, it seems like the euro still has a bit of latent power within …
In its yuan credit market, China has recently raced ahead of the US for corporate bond sales, a remarkable change that emphasizes the growing influence of the two nations’ divergent monetary policies. According to statistics, non-financial companies issued more bonds in yuan than in dollars in both July and August, marking a first for two …
Chinese Economy Booming with $306 Billion Corporate Credit Read More »
On Wednesday, the dollar ruled everything it surveyed, reaching a new 24-year top against the yen and nearing a 20-year high against the euro as U.S. economic data supported the Federal Reserve’s intention to continue its aggressive policy tightening. The American dollar was also boosted by global economic turbulence that drove investors to safety. …
More Trouble Ahead for the Yen Amid U.S. Yield Rise Read More »
Sterling was in trouble and the euro dropped to below 99 cents for the first time in nearly two decades on Monday. The fall was due to worries about rising energy costs and economic growth raised by Russia’s shutdown of its main gas pipeline to Europe. In Asian trading, the euro fell to $0.9880, …
Euro on a Highway to Hell, Here Is What You Need to Know Read More »
Japan’s economic decisions have always been peculiar to the point where they confuse many experts. Yet, the country has managed to maintain a stable economy for many decades. Without following commonplace rules, Japan has managed to stay a major financial force in the world. However, it’s not without its troubles. Increasing burnout and an aging …
One of the biggest recent financial news is that the dollar touched the euro’s value. Due to the dollar’s incline and the euro’s decline, the currencies have more or less evened out. We can see that with today’s EUR/USD open, which laid flat at 1.00. However, the equilibrium has spawned a lot of panic and …
