After Federal Reserve (Fed) Chairman Jerome Powell’s recent statements, the US Dollar managed to regain some lost ground. Powell’s reluctance to immediately embrace rate cuts in favor of a patient approach has led to a rise in the DXY to 105.20. While the US economic outlook shows signs of disinflation, there are expectations for a
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The EUR/USD pair has been steadily climbing for the past six days, reaching around 1.0830 during the Asian session on Tuesday. This upward trend comes as a surprise to many, especially after France’s election results. A leftist alliance unexpectedly took the lead, preventing Marine Le Pen’s far-right party from dominating the leadership race. This unexpected
The US Dollar experienced a decline of 0.80% last week, reaching its lowest level since mid-June. The upcoming release of the June inflation figures and Federal Reserve talks have created a sense of anticipation in the market. While there is a price in less than 10% probability of a rate cut in July, the odds
The recent data on labor market indicators presents a concerning picture, signaling a potential weakening in the labor market. This could have significant implications for both wage growth and disposable income. The ANZ-Indeed Job Ads index, which experienced a 2.2% decline in June following a 1.9% drop in May, suggests a slowdown in hiring activity.
Recently, exit polls revealed that Marine Le Pen’s far-right party, the National Rally (RN), emerged victorious in the first round of parliamentary elections in France. This political development had an immediate impact on the financial markets, particularly on the euro’s exchange rate against other currencies. In response to the RN’s win, the EUR/USD rate experienced
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Recently, Japanese Finance Minister Shunichi Suzuki made comments regarding the foreign exchange market, stating that he will take necessary actions to address any issues that may arise. While he refrained from commenting on specific forex levels, he emphasized the importance of FX stability and the need to monitor FX movements closely. These statements come at
Apple device users are in for a treat as they will soon have the option to utilize buy now, pay later loans from Affirm for their purchases. Affirm, a fintech company based in San Francisco, announced that it will be available as a payment choice for U.S. Apple Pay users on iPhones and iPads later
French President Emmanuel Macron’s announcement of snap elections following the European Union (EU) elections took many by surprise. The decision to dissolve parliament and call for new legislative elections came after exit polls showed his alliance suffering a heavy defeat to Marine Le Pen’s far-right National Rally (RN) party. Macron’s call for lower house elections
In the wake of Chanel’s top designer’s departure, the $1.62 trillion luxury goods industry is experiencing significant upheaval. This departure has sent ripples not only through Chanel but across all major global players at a time when the industry as a whole is at a crossroads. Traditionally, the playbook for top fashion labels like Chanel,
When it comes to the luxury real estate market, iconic homes carry a certain premium that is hard to fully quantify. Real estate experts suggest that buyers are often willing to pay extra for the pedigree that comes with owning a piece of pop culture history. Comparing it to owning a rare piece of art
Dutch digital bank, Bunq, is eagerly anticipating the acquisition of a banking license from U.K. financial regulators by the end of this year or the beginning of next year. CEO and founder, Ali Niknam, expressed his hopes during an interview at the Viva Tech conference in Paris. Niknam acknowledged the potential challenges that may arise