Asia FX muted as dollar steadies ahead of Powell; yen remains fragile
The currency found little support as a swathe of weak Japanese economic readings furthered bets that the Bank of Japan will have limited headroom to raise interest rates further.
2024
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Oil prices hold steady as concerns over hurricane damage ease
Market participants are also keeping an eye on the situation in the Middle East for more trading cues. Oil prices settled down 1% on Monday amid hopes a possible ceasefire deal in Gaza could reduce worries about global crude supply disruption.
Bitcoin price today: steady at $57k amid Mt Gox fears, Ether up on ETF hopes
Bitcoin slid as low as $53,000 last week after the trustees of Mt Gox said they had begun distributing tokens stolen during a 2014 hack, although they did not specify what the overall value of the distribution would be.
World shares mixed as investors await Powell testimony
Global shares were mixed on Tuesday as investors waited to see if U.S. Federal Reserve Chair Jerome Powell would sound supportive of rate cuts after evidence the U.S. labour market is cooling.
French stocks turn higher, risk premium steady as investors process election result
French shares turned higher on Monday after initial falls and the risk premium of French bonds over German narrowed as investors digested elections which left France facing a hung parliament and likely taxing negotiations to form a government.
Dollar stabilizes ahead of key inflation data; euro gains
The dollar has stabilized at the start of the new week after being on the back foot following surprisingly soft U.S. payrolls data on Friday, which boosted bets for the Federal Reserve to soon start cutting interest rates.
Oil prices fall as Tropical Storm Beryl nears landfall in Texas
The largest ports in Texas have closed operations and blocked traffic over the weekend to prepare for tropical storm Beyl, which is set to strengthen back into a hurricane before making landfall.
Bitcoin Cash price under selling pressure as Mt. Gox roils market
The impact on BCH liquidity was evident, as price slippage for a simulated $100,000 sell order reached its highest level in over a month across most exchanges. This indicated worsening liquidity due to insufficient order book depth for large market orders. The highest slippage was observed on Itbit and Bybit. On July 5, BCH slippage…
US agency screens record 3 million airline passengers in single day
Airlines for America said U.S carriers plan to fly more than 26,000 daily flights this summer, up nearly 1,400 over 2023, or 5.6%, when they carried 255 million passengers. The summer travel season forecast is for June 1 to Aug. 31.
Canada unexpectedly sheds jobs in June, unemployment rate rises to 6.4%
The jobless rate, on an uptrend over the past year, has risen 1.3 percentage points since April 2023 and is now the highest since 6.5% unemployment in January 2022, Statistics Canada data showed. Excluding the coronavirus pandemic years, unemployment was last as high as 6.4% in October 2017.