Yen Drops, Bond Futures Rise as BOJ Defers Detail on Debt Buying
The yen weakened and Japanese sovereign bonds surged after the central bank said it would reduce debt purchases but delayed…
A shift away from the US dollar is happening in real time, and investors must be ready
The US dollar’s dominance is in decline as Russia and Saudi Arabia eye the Chinese yuan for oil trades, and…
Oil edges higher on OPEC+ reassurances but set for third weekly loss
Oil prices ticked higher on Friday, as reassurances from OPEC+ members Saudi Arabia and Russia indicating readiness to pause or…
De-dollarized payment systems are cropping up
The emergence of new regional payment systems likely won’t spur de-dollarization, OMFIF said. So far, their infrastructure is weak and…
Bitcoin Struggles Below $70,000 Ahead of Key Economic Data Release
Bitcoin (BTC) is facing strong resistance near the $70,000 mark since briefly surpassing it on May 28, and has traded…
Oil Gains on OPEC+ Cut Expectations, Demand Optimism
Oil prices were rising as traders expect OPEC and its allies to extend their production curbs at a Sunday meeting…
Gold prices dip as strong US dollar, yields dim bullion’s shine
Gold prices slipped for a second consecutive session on Thursday as the U.S. dollar and Treasury yields edged higher, while…
Yuan Weakens to Lowest Since November as China Allows Declines
China’s onshore yuan dropped to the weakest level since November as signs mount that policymakers are slowly letting the currency…
China ramps up de-dollarization efforts by dumping a record amount of US bonds
China sold a record $53.3 billion worth of Treasurys and agency bonds in the first-quarter. It previously unloaded US debt…
McDonald’s Eyes New Deal Amid Economic Challenges
McDonald’s is considering coaxing customers back to its restaurants by offering a new food deal that won’t take a hit…