The GBP/USD pair had been on a winning streak, but that came to an end as the currency pair faced pressure from a modest USD bounce. The recent recovery in US bond yields is seen as a key factor benefiting the greenback. While bets for a less hawkish Fed and.
The Swiss National Bank (SNB) sold 22.3 billion Swiss francs ($23.97 billion) worth of foreign currencies interventions last year, according to the central bank’s annual report published on Tuesday. This is a reversal from the previous year, in which the SNB bought 21.1 billion francs. The SNB has regularly confirmed.
Natural gas prices have been trending downwards in recent days, with fears of reduced energy demand from Asia and a mild winter in Europe weighing heavily on the market. The price of natural gas has declined for two consecutive days, and it is currently trading at a lower level. This.
U.S. stocks jumped on Monday following news of a deal to rescue Credit Suisse and central bank efforts to boost confidence in the financial system. The market also considered the possibility of the Federal Reserve pausing its rate hikes this week. Late on Sunday, UBS agreed to buy rival Credit.
Introduction The EUR/USD currency pair has been experiencing a volatile market as buyers and sellers fight for control. While the Euro buyers had a good run, the sellers are now pushing back, leading to a mild decline. In this article, we will discuss the current market status of EUR/USD and.
UBS has agreed to buy Credit Suisse in a shotgun merger, a move engineered by Swiss authorities. The acquisition will cost UBS $3.23 billion and assume up to $5.4 billion in losses. The deal comes as Credit Suisse is facing multiple legal and financial problems, including its involvement in the.
The United States is increasingly becoming a major player in the global crude oil trade, as record exports to Europe and China this month show. This growth is solidifying the United States’ role in supplying Europe with crude oil, following Russia’s invasion of Ukraine. While Occidental and BP declined to.
The Department of Financial Protection and Innovation in California announced on Monday that it will conduct a comprehensive review of its own oversight and regulation of Silicon Valley Bank. The regulator will issue a report on the review’s findings by early May. The statement also said that the review will.
Introduction: UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang have recently provided their insights on the potential movements of the EUR/USD currency pair. According to them, the currency pair is expected to remain in its current consolidative range in the near future. This article will.
The US dollar experienced a slight uptick in early European trade on Tuesday, but remained unable to move much higher than recent five-week lows as the Federal Reserve prepares to begin its latest policy-setting meeting. This follows a period of volatility that saw the dollar fall to its lowest point.
According to Jeff Currie, global head of commodities for Goldman Sachs, the banking crisis in March will lead to a commodities supercycle driven by China and capital flight from energy markets. The U.S. bank’s head of commodities spoke at the Financial Times Commodities Global Summit and noted that “as losses.
South Carolina Governor Henry McMaster has signed legislation approving $1.29 billion in state incentives for Volkswagen’s off-road brand, Scout Motors, to build a $2 billion manufacturing plant for trucks and SUVs. The project is expected to create thousands of new jobs in the state and boost the local economy. According.