Japan’s Insurers’ Yen Hedge Falls to Decade Low
Japan’s Insurers’ Yen Hedge Falls to Decade Low Japanese life insurers have significantly reduced their protection against a strengthening yen to the lowest level in a decade, and they may continue to cut these positions in the coming months. As of March 31, nine of Japan’s largest life insurers had only 47% of their foreign
Read moreFed Officials Advocate Patience, Hint at Rate Cut Timing
Fed Officials Advocate Patience, Hint at Rate Cut Timing On Tuesday, several Federal Reserve officials emphasized the need for more concrete evidence of cooling inflation before considering lowering interest rates. They also provided some insights into when such a move might be expected. Fed Governor Adriana Kugler indicated that a rate cut could be appropriate
Read moreFed’s Harker Advocates for Single Rate Cut in 2024 Based on Economic Forecast
Fed’s Harker Advocates for Single Rate Cut in 2024 Based on Economic Forecast Patrick Harker, President of the Federal Reserve Bank of Philadelphia, believes that one interest rate cut this year would be suitable, based on his current economic outlook. He emphasized the need for more consistent signs of declining inflation before considering a rate
Read moreJapan’s Core Machinery Orders Drop in April, Sparking Capital Spending Worries
Japan’s Core Machinery Orders Drop in April, Sparking Capital Spending Worries Japan’s core machinery orders experienced a decline in April for the first time in three months, according to data released by the Cabinet Office on Monday. This development raises concerns about the robustness of capital spending, a critical component for a sustainable economic recovery.
Read moreUS CPI Steady in May Ahead of Fed Decision
US CPI Steady in May Ahead of Fed Decision The Bureau of Labor Statistics (BLS) is set to release the eagerly awaited Consumer Price Index (CPI) inflation data for May on Wednesday at 12:30 GMT. This report is highly significant as it could trigger substantial volatility in the US Dollar, with any unexpected figures potentially
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Japanese Yen Consolidates as US Dollar Holds Firm Amid Rising Treasury Yields
Australian Dollar Strengthens Amid Rising Odds of Aggressive Fed Rate Cut
US Yields Boost Dollar, Weaken Yen
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