FX
newsroom · 2 min
Softer PPI Boosts Fed Cut Bets, Weakening Dollar and Rallying EUR/USD, GBP/USD
July's U.S. Producer Price Index (PPI) came in below expectations, easing Federal Reserve rate hike pressures. This led to a weaker dollar and rallies in the Euro and British Pound.
newsroom · 5 min
U.S. Joins Coordinated Intervention to Halt Yen Weakness for First Time in 27 Years
This marks only the third time the U.S. has taken part in yen-related coordinated intervention in the past 30 years, after 1998 and 2011. But since 2011's move was aimed at curbing yen strength, this is effectively the first joint action against yen weakness since 1998.
Newsroom · 6 min
Won Holds in 1,410s for Second Day — Lowest Level in 10 Months
SK Hynix's ADR listing and exporter dollar-selling have driven the won's rebound. Hawkish Fed commentary and a weaker yen are the key risks to watch.