Next Bank of Japan intervention may be to sell yen :Mike Dolan
By Mike Dolan LONDON (Reuters) -If Japan’s government is thinking ahead, it may be planning to rein in its errant yen rather than propping it up. A two year cat-and-mouse…
Dollar hands back some gains; Jackson Hole looms large
Investing.com – The U.S. dollar edged lower Friday, handing back some of the previous session’s hefty gains after the release of solid retail sales downplayed concerns about an Imminent U.S.…
Citi expects NZD to underperform amid US election uncertainty
Citi expressed concerns over the potential impact of the upcoming November US Presidential election on high-beta currencies, predicting that the New Zealand Dollar (NZD) will underperform. According to Citi, the…
Australian dollar likely to struggle against USD: Citi
Citi FX analysts provided insights into the Australian dollar’s performance against various currencies, predicting a challenging path ahead for the AUD. According to the brokerage firm, the recent sharp decline…
Prop Trading: Funds For Traders Closes Operations
The volatility in proprietary trading has claimed another victim. Funds For Traders has announced to its users that it will be ceasing operations. The company blamed the suspension of services…
Equiti Group Announces Sleeve Sponsorship of Abu Dhabi’s Al Wahda FC
Global fintech group Equiti has announced its sponsorship of Abu Dhabi’s Al Wahda Football Club. According to a statement by the company today (Thursday), Equiti will become the club’s sleeve…
What’s Next for Payments in APAC?
The rapid expansion of the payment ecosystem from P2P transaction to crypto adoption makes the pace of change hard to track. Nowhere is this acceleration more prominent than the Asia-Pacific…
Robinhood Hits 24 Million Funded Customers as Trading Volumes and Assets Surge over 50%
Robinhood Markets (NASDAQ: HOOD) has released its monthly operating data for July 2024, showcasing strong growth across multiple key metrics, especially compared to the same month a year before. The…
Adyen Expands in India with RBI Approval for Online Payment Aggregation
Adyen, a global payments platform, has expanded its operations in India. This follows the authorization from the Reserve Bank of India (RBI) to function as an Online Payment Aggregator. The…
Mexican Peso No Longer ‘Super’. Forecast as of 06.08.2024
The Mexican peso has demonstrated consistent strength since the spring of 2020, reaching an eight-year high against the US dollar in April. However, the market dynamics shifted significantly by the…
