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Japan said it intervened in the currency market three times during the spring Golden Week holiday to prop up the yen, going beyond its recent twin-punch playbook with an additional round in an apparent effort to maximize the psychological impact on investors.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann note that USD/CNH is trading with a soft underlying tone, with scope for the Dollar to test support levels near 6.7420 in the short term, while a sustained break lower is seen as unlikely.
Trump had called on the US Congress to act after the 30 June setback from the SCOTUS, but on Thursday he opted to sign executives orders instead, which set a policy for the government, but are not as effective as laws passed by the US Congress.
Oil prices fell for a second week running thanks to optimism surrounding renewed U.S.-Iran diplomacy to reopen the Strait of Hormuz. U.S.
Gold prices have “explosive” upside potential, according to analysts, boding well for Hong Kong’s ambitions as a trading hub as Asian central banks continue to have a voracious appetite for…
The White House on Thursday imposed a series of price floors and a 15-percent tariff on products made from polysilicon – the raw material used in semiconductors and solar panels that is primarily produced by China.