Mango Shifts Focus to US Expansion After Exiting China

Spanish fashion retailer Mango is turning its attention to the US market for expansion after closing its remaining stores in China last year. CEO Toni Ruiz announced that the company will target states where online sales are already strong, and will offer higher-priced clothes for special occasions and parties. Mango.

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Asian Currencies Rise as US Banking Crisis Dampens Rate Hike Expectations

Introduction Most Asian currencies rose on Monday, marking a significant shift in market sentiment from the previous week. The dollar’s decline to a three-week low prompted investors to revise their expectations for more interest rate hikes by the Federal Reserve this year. The article examines the reasons behind the currency.

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US Dollar Falls as Banking Crisis Puts Rate Hike in Doubt

Introduction: The US dollar has fallen as traders reassess the possibility of another rate hike by the Federal Reserve later this month, given the ongoing banking crisis in the US. Over the weekend, US authorities stepped in to cover depositors at Silicon Valley Bank and SignatureBank after they failed, with.

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US Dollar Dips as Investors Wait for Fed Action after SVB Collapse

Introduction: The US dollar is facing heavy selling pressure as investors re-evaluate the Federal Reserve’s next policy move following the collapse of Silicon Valley Bank (SVB). The benchmark 10-year US Treasury bond yield has declined 0.7% below 3.7% following Friday’s 6% drop. This article will discuss the implications of the.

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The Burden of Hiking Interest Rates: Who Should Bear It

Introduction Hiking interest rates is a common tool used by central banks to control inflation. However, this policy can cause economic pain, especially for those in precarious positions, such as consumers who have borrowed too much and can’t make payments. In this article, we explore who should bear the burden.

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Understanding Bank Runs: How US Treasury Investments Contributed to the Recent Bank Run

Banks have deposits that they need to invest. However, lending out all of the money is not always an option. As a result, banks often invest in US Treasuries. US Treasuries were once considered a safe investment. However, recent events have shown that they are not as secure as once.

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US Equities Plunge on Bank Concerns: Silicon Valley Bank Taken Over by FDIC

Introduction: On March 11, 2023, the US equities market experienced a significant drop, with the S&P 500 erasing its gains for the year. Investors were initially optimistic after a higher US unemployment rate was reported earlier in the day. However, concerns over the banking sector led to heavy selling, particularly.

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US Dollar Weakens as Slower Wage Growth Reduces Appeal

The US dollar has weakened against all major currencies due to slower wage growth and rising unemployment rates, reducing the appeal of the greenback. The Federal Reserve may keep interest rate hikes modest, making it bumpy for the dollar to hit the target of 2% inflation. US Labor Data Shows.

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GBP/USD May Rebound on Sustained Push Above 100-DMA

Scotiabank economists report that a sustained push back above the 100-day moving average (DMA) of 1.2017 could enhance the GBP’s rebound, as the UK economy may hold up better than expected in the early part of this year. UK Jan GDP Rebound Suggests Economy May Hold Up Better The GBP.

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US Dollar Remains Elevated as Powell Reiterates

The US dollar remained elevated in early European trade on Thursday, despite a 0.1% drop against a basket of six other currencies tracked by the Dollar Index, trading at 105.543. The dollar remained near its three-month peak of 105.880 from the previous session as Federal Reserve Chair Jerome Powell reiterated.

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Turkey’s Lira Hits Record Low After Earthquakes

Introduction Turkey’s lira has hit a fresh record low against the US dollar as investors grapple with the economic impact of the devastating earthquakes that struck the country in February. The situation has been compounded by uncertainty surrounding the upcoming presidential and parliamentary elections scheduled for May 14, which will.

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Asian Currencies Slide as Investors Await US Labor Data

Introduction: On Friday, most Asian currencies fell as investors turned cautious ahead of key US labor market data due later in the day. The Japanese yen sank further, remaining at its lowest levels for the year after the Bank of Japan (BOJ) held interest rates at record lows and offered.

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