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Yen’s Gain Sparks ‘Widespread Liquidation’ Across Markets
The yen’s stunning revival is upending global markets, dragging the yuan higher and hammering assets from Japanese stocks to gold and Bitcoin as investors reassess their leveraged bets. The currency at one point rose to the highest in more than two months against the dollar Thursday, reflecting burgeoning wagers that the interest rate gap between Japan and the US will likely narrow. The start of New York trading saw yen gains ease amid profit taking and as the dollar found support after a stronger-than-expected report on US economic growth. The stronger yen, which hurts Japanese exporters, helped send the Nikkei ... (full story)
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From @LiveSquawk|Jul 25, 2024post: US Tsy Sec. Yellen: Global Economy Remains Resilient, Driven In Large Part By US Economic Performance - US Q2 #GDP , #Inflation Data Affirms US Is On Path To Steady Growth, Declining Inflation - Prices Remain Too High For Many Americans, Administration Is Working To Address Cost… post:
YELLEN: U.S. CONCERNS OVER CHINA'S EXCESS CAPACITY AND ITS THREATS TO WORKERS AND FIRMS ARE 'SHARED BY MANY' AT G20 MEETINGS post: US TREASURY SECRETARY YELLEN: WE WILL KEEP PRESSING CHINA TO CHANGE THE ECONOMIC MODEL THAT CHANNELS TOO MUCH SAVINGS, AND TOO MANY SUBSIDIES INTO MANUFACTURING, CREATING EXCESS CAPACITY.
From breakingthenews.net|Jul 25, 2024Working natural gas in storage across the United States increased by 22 billion cubic feet (Bcf) in the week ending July 19 compared to the previous seven-day period to reach ...
From think.ing.com|Jul 25, 2024We’ve had a pretty solid set of US activity numbers today, but it isn’t having a major impact on market expectations for rate cuts, which are increasingly being seen as a done ...
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From cnbc.com|Jul 25, 2024China on Thursday announced its most targeted measures yet for boosting consumption, which has remained lackluster since the Covid-19 pandemic. Authorities announced they would ...
From think.ing.com|Jul 25, 2024We’re a week out from the next Bank of England meeting and investors reckon a rate cut is a 50:50 call. The logic is simple enough. Two out of the nine-strong committee have ...
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- Posted: Jul 25, 2024 11:03am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,803
