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Following the Bank of Japan’s decision to exit negative interest rates, the USD/JPY exchange rate experienced a significant decline to the 154 handle. This move was largely influenced by the forward guidance provided by the BoJ, which signaled the implementation of accommodative policy measures. While this decision may have bolstered buyer demand for the Japanese
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The EUR/USD pair is currently trading around 1.0615 in the early Asian session, highlighting a bearish trend in the market. This downward movement can be attributed to the comments made by both the Federal Reserve and the European Central Bank, indicating a shift towards a more restrictive monetary policy in the near future. Fed Chairman
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Vietnam is currently facing an unprecedented financial crisis in its banking sector, with Saigon Joint Stock Commercial Bank (SCB) at the center of the storm. The situation is dire, with the national treasury at risk of drying up if the lending to SCB continues. The central bank of Vietnam has already pumped $24 billion in
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The 2023-24 Canadian budget, presented by Finance Minister Chrystia Freeland, includes a proposal to boost the inclusion rate on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and trusts from one-half to two thirds. This measure aims to increase tax revenue from capital gains and address income
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Bank of America recently released its first-quarter earnings report, which surpassed analysts’ expectations for both profit and revenue. The bank reported earnings of 83 cents per share adjusted, exceeding the expected 76 cents per share. Additionally, revenue came in at $25.98 billion, higher than the anticipated $25.46 billion. Despite a decline in profit of 18%
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