Most Asian currencies moved in a flat-to-low range on Thursday amid persistent fears of slowing economic growth and rising interest rates, while the dollar steadied ahead of key economic readings on growth and inflation due later in the day. China’s yuan was flat, but was less than 1% away from breaching the 7 level against the […]

TOKYO (Reuters) – The euro hovered near a one-year high versus the dollar on Thursday, as Europe’s resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession. The risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 […]

BUENOS AIRES (Reuters) -Argentina will start to pay for Chinese imports in yuan rather than dollars, the government announced Wednesday, a measure that aims to relieve the country’s dwindling dollar reserves. In April, it aims to pay around $1 billion of Chinese imports in yuan instead of dollars and thereafter around $790 million of monthly […]

SHANGHAI (Reuters) – The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting efforts by Beijing to internationalise use of the yuan. Cross-border payments and receipts in yuan rose to a record $549.9 billion in March from $434.5 billion a […]

Risky assets, like equities or commodity currencies, dipped shortly before the Wall Street cash session opened following a report from CNBC on First Republic Bank. According to the media piece, the US government is currently unwilling to intervene to save First Republic Bank. First Republic Bank is on watch after Q1 earnings release highlighted the […]

⛽ Oil closes bullish price gap triggered by surprise OPEC+ output cut This means that price has finally closed a massive bullish price gap that was triggered by an unexpected OPEC+ output cut, led by Saudi Arabia and Russia. There is a lot of uncertainty over whether this output cut was “real” as a number […]

Shares of Boeing (BA.US) are trading over 3% higher in premarket today after the company reported financial data for Q1 2023. Results turned out to be a positive surprise. While core loss per share turned out to be deeper than expected, the company managed to deliver a solid revenue beat. Moreover, cash burn at the […]

NEW YORK (Reuters) -Argentina’s Economy Minister Sergio Massa pledged on Tuesday to unleash “all tools” to counter a slide in the peso currency that President Alberto Fernandez blamed on “Argentina’s right”, as the currency hit a fresh low in popular black markets. The peso hit 495 against the dollar in informal markets that have flourished […]