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Japan’s historic joint intervention with the US is shifting market focus to whether the yen can strengthen beyond 155 per dollar, a threshold strategists view as the key test for the rally’s staying power.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
The NZD/USD pair loses traction to near 0.5870 during the Asian trading hours on Tuesday, pressured by stronger US economic data and safe-haven flows. Traders brace for New Zealand’s employment report, which will be published later on Wednesday.
Anyone who is celebrating the latest GDP figures should know that it is primarily government activity that is providing the boost. The private investment problem remains acute. A guest post.
The US government is helping Tokyo and intervening on behalf of the Japanese currency. At the same time, the US president is trying to solve three of his own problems.
ISLAMABAD: Pakistan’s inflation, measured by the Consumer Price Index (CPI), decelerated to 9.2 per cent in July from 11.07pc a month earlier, mainly due to a slight fall in energy prices, according to data released by the Pakistan Bureau of Statistics on Monday.
KARACHI: Despite a drop in exports, the country’s total cement despatches increased by 6 per cent to 4.476 million tonnes in July from 4.222m tonnes in the corresponding month last year. According to data released by the All Pakistan Cement Manufacturers Association, local cement sales rose 17.28pc to 3.771m tonnes in July from 3.215m…
Happy Tuesday! The government is proposing changes that could bring back merchant fees on select UPI transactions. This and more in today’s ETtech Morning Dispatch.