The Japanese Yen (JPY) has been facing downward pressure for the second consecutive day, influenced by various factors. The cautious approach adopted by the Bank of Japan (BoJ) towards further policy tightening is a significant driver behind the Yen’s weakness. Additionally, softer domestic data, such as the decline in real wages in Japan, has contributed
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The CEO of the blockchain startup Ripple, Brad Garlinghouse, is making bold predictions about the future of the cryptocurrency market. According to Garlinghouse, he sees the combined market capitalization of the cryptocurrency market reaching $5 trillion by the end of this year. This optimistic outlook is based on various macro factors, including the approval of
The recent US data has sparked a hawkish repricing in rates, with Fed funds futures now almost fully priced in for a July cut of -24bps. This comes as no surprise given the strength of the US economy, which boasts strong job growth, low unemployment, resilient economic activity, and ISM manufacturing and services PMIs in
The recent meeting between U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang highlighted the significance of having tough conversations between the two economic superpowers. Yellen emphasized that these conversations have put the U.S. and China on a more stable footing over the past year. Li, in response, stressed the importance of respecting each
In the world of exchange-traded funds (ETFs), innovative strategies are constantly emerging to capture profits in various sectors. One such example is the IR+M Tax-Aware Short Duration ETF (TAXX) launched by Joanna Gallegos of BondBloxx. This ETF focuses on municipal bond portfolios with the goal of generating income and maximizing after-tax returns. Gallegos emphasizes the
As the 2024 presidential race heats up, former President Donald Trump is facing a significant challenge in fundraising. His upcoming major fundraiser in Florida is crucial, as Trump’s coffers have been running low compared to his opponent, Democrat Joe Biden. With legal fees piling up and a need to replenish his campaign funds, Trump is
The recent comments made by U.S. Treasury Secretary Janet Yellen regarding China’s excess manufacturing capacity have sparked a strong reaction from Chinese state media. The state media has accused Yellen of perpetuating “China threat” rhetoric and using it as a pretext for advocating more protectionist policies by the U.S. This reaction reflects China’s sensitivity to
Federal Reserve Governor Michelle Bowman has raised concerns about the possibility of having to increase interest rates in order to control inflation. Contrary to the expectations of the market and her colleagues, she believes that raising rates may be necessary if progress on inflation stalls or reverses. Bowman acknowledges the need for caution in easing
The U.S. economy has been plagued by decades of trade deficits and a strong dollar, resulting in a significant number of “losers” within the country. This situation has fueled the rise of protectionist policies championed by figures like Donald Trump. His “America First” economic strategy involved imposing tariffs on various countries, including China, Mexico, and
The U.S. labor market is set to slow down slightly in March, with fewer jobs being added compared to the previous month. However, wage gains are expected to remain high, indicating a strong economy at the end of the first quarter. This situation might delay potential interest rate cuts by the Federal Reserve in the
The Indian Rupee (INR) has faced a challenging time as it traded in negative territory, primarily due to the increased demand for the US Dollar (USD). This demand is believed to be coming from importers, putting pressure on the INR. The escalating geopolitical tensions in the Middle East and the surge in oil prices have
The electric vehicle industry has been rapidly growing and evolving, with companies like Nio leading the way in innovation. One of the key aspects that Nio has been focusing on is battery swapping as a way to address consumers’ concerns about driving range. By partnering with other Chinese automakers and battery companies, Nio has been