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…
Calm Currency Markets Amid Focus on US Inflation Data
Major currencies were steady on Monday with the dollar consolidating against peers, as market participants awaited U.S. inflation data to…
Yen falls further as Bank of Japan stands pat on rates
The Bank of Japan kept its ultra-low interest rates unchanged Friday and stopped short of signalling another hike, pushing the…
At a Brooklyn Pawnshop, Customers Are Flooding In to Sell Gold
Investors and metals traders can’t agree on what exactly is behind gold’s recent rally. At King Gold & Pawn in…
Analysis-Dollar’s rally supercharged by diverging US rate outlook
A rally in the U.S. dollar is accelerating, as stubborn inflation sows doubts over how aggressively the Federal Reserve will…
Big Oil’s Climate Planning Falls Short, Investor Group Warns
The current low-carbon transition plans of 10 of Europe’s and North America’s biggest listed oil and gas companies are not…
China scrutinises PwC role in $78 billion Evergrande fraud case
Chinese authorities are examining the role of PricewaterhouseCoopers(PwC) in China Evergrande Group’s accounting practices after the developer was accused of…
USD/JPY Forecast – US Dollar Continues to Find Buyers
US Dollar vs Japanese Yen Technical Analysis As you can see, we pulled back just a bit during the trading…
Dollar drifts as Fed clues awaited; bitcoin hits 2-year high
The U.S. dollar drifted within a tight range on Monday, pressured by lower Treasury yields, as traders waited for more…