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British neobank Monzo recently announced that it has raised an additional $190 million in funding, bringing its total raised this year to $610 million. This funding round saw participation from new investors such as Hedosophia, CapitalG, and Singaporean sovereign wealth fund GIC. The latest funding round values Monzo at around $5.2 billion, surpassing its previous
When it comes to assessing the direction of Asian stocks, it is clear that there is a lack of definite direction. Despite this, the dollar has remained firm, even in the face of lower U.S. Treasury yields. This can be attributed to the mixed signals being sent by U.S. policymakers, as well as the economic
The single currency, EURUSD, has been struggling to consolidate above the $1.08 mark, facing serious resistance in its recent attempts. Despite the growth acceleration on negative US labor market data for the dollar, the bulls have not been able to establish a strong foothold above this critical level. The sellers of the euro have been
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The decline in the gold price amidst renewed USD demand on Wednesday can be attributed to the hawkish remarks from Federal Reserve (Fed) officials. The potential lack of interest rate cuts in 2024 has led investors to place lower bets, thus contributing to the downward pressure on gold. The upcoming speeches from Fed policymakers, including
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