Markets The start of the new week was a copy-paste of last week’s. A surge in long-term Japanese bond yields weighed on other core bonds too. Japan’s 30-yr yield shot up another 11 bps to be just 3 bps away from the tenor’s record 3.2% of May this year. The driving force, just as last […]
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AUD/USD loses ground as RBA meets rate hike expectations. Short-term risk is tilted to the downside. A close below 20-SMA could extend decline. AUD/USD retreated to 0.7134, extending Monday’s losses after the Reserve Bank of Read more…
USD/JPY held near 157.22 on Tuesday following a volatile start to the week. Pressure on the Japanese yen has increased as demand for the US dollar has returned, with investors once again favouring the greenback Read more…
Luxury retail giant Saks Global is moving closer to a bankruptcy exit, but its restructuring is still resulting in additional job cuts. Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Read more…