Forex
Why the Swiss Franc Is Poised to Re‑Emerge as the Go‑To Funding Currency
After a rare yen intervention, traders are eyeing the franc’s zero‑rate environment as the next cheap carry, a shift that could reshape EUR/CHF and USD/CHF dynamics.
Swiss franc gains appeal for carry trades after yen intervention
Investors shift focus to the franc as a funding currency for carry trades following rare yen intervention. Swiss franc strengthens against the euro and dollar while rates remain at zero.
Cerebras unveils AI inference server with faster chatbot response chips
New CS-4 system uses 5nm WSE-3 Turbo chips to cut AI query latency, targeting Anthropic’s Claude workloads. Hardware arrives Q3, next-gen due 2027.
U.S. sees low odds of Canada tariff deal before deadline
Trump administration signals limited prospect of agreement as 50% duties on Canadian goods near; leaders hold final call amid rising tensions.
AUD/JPY outshines peers as carry trade demand rises amid USD softening
Australian dollar-yen pair leads currency carry trade alternatives with an 18% annual gain, while Mexican peso and Turkish lira flash caution signals despite some technical buy signals.
Poland raises income tax threshold, lifts corporate rate to 22%
Middle-class earners benefit from a higher tax bracket threshold, while corporate tax rises to offset revenue loss. Changes take effect alongside a solidarity surcharge hike.
USD/JPY consolidates near 159.50 after July intervention gains fade
The yen has retraced roughly half of its late-July rally as rate differentials and fiscal risks weigh. Technical levels suggest a near-term pullback toward 159.00, with a break opening room to 158.54.
Lufthansa rolls out Starlink Wi-Fi across fleet by 2029
German carrier becomes latest airline to adopt Elon Musk’s satellite internet, with full fleet coverage planned by 2029. Service already live on Airbus A320neo from Frankfurt.
UK faces Russian threats after reports of British drones used in attacks
Moscow warns London of 'consequences' after Kyiv allegedly employs UK-made drones in strikes deep inside Russia, escalating tensions between the two nations.
Bank of America Recommends Selling AUD/NZD on Policy Divergence
Bank of America has recommended shorting the Australian dollar against the New Zealand dollar, citing an anticipated divergence in monetary policy.
Switzerland Updates Sanctions Ordinances Concerning Moldova
The Swiss Federal Department of Economic Affairs, Education and Research has published an amendment to sanctions regarding Moldova.
BofA flags continued U.S. dollar weakness, NZD gains
Analysts at Bank of America Global Research project further depreciation in the greenback, with the New Zealand dollar poised to benefit.
Canadian dollar strengthens after inflation beats forecasts
Headline inflation in Canada rose 3.4% year-on-year in December, exceeding economist expectations and supporting the loonie's advance.
Poland’s FX reserves fall to $20.75 bln in July
Foreign exchange holdings drop for first time in six months as central bank data reflects currency market dynamics.
Alibaba debuts AI music model HappyShrimp to compete in digital audio
Tech giant Alibaba enters the AI-generated music sector with its new model, positioning itself against established players in the digital audio space.
EUR/USD hits eight-week high; focus shifts to U.S. data
Euro strengthens to highest level since late March as markets await U.S. inflation and jobs data for next Fed move. Dollar faces pressure ahead of key releases.
EUR/USD rallies as dollar's exceptional strength wanes
Euro gains ground as broad dollar weakness reduces the currency's dominance, with EUR/USD approaching key resistance levels.
US, Canada near tariff deadline amid unresolved trade disputes
Negotiations stall ahead of a May 1 deadline for 50% tariffs on select Canadian goods, with key sticking points persisting in bilateral trade talks.
U.S. dollar weakens amid mixed economic signals
Dollar index declines as traders reassess Fed policy outlook after mixed U.S. data. Focus shifts to upcoming inflation and jobs reports for direction.
EUR/USD nears multi-month lows, traders eye valuation
Analysts suggest the euro’s recent decline against the dollar may present a buying opportunity, citing stretched oversold conditions and potential mean reversion.
EUR/USD nears 1.1560 resistance after ECB-Fed policy divergence
Euro gains ground as ECB signals cautious rate path while Fed signals potential cuts. Traders eye 1.1560 level as key technical barrier.
USD/JPY tests Japan’s suspected FX intervention line as carry demand rises
Japanese yen’s decline against the dollar approaches levels that previously prompted suspected currency intervention, while rising global interest rates fuel demand for higher-yielding assets.
Cerebras enables OpenAI’s GPT-5.6 Sol ultrafast mode at 750 tokens/sec
AI chipmaker Cerebras Systems integrates its hardware with OpenAI’s latest model to deliver real-time inference at unprecedented speed.
U.S. aircraft carrier USS George Washington deployed to Middle East
Deployed following the longest continuous deployment of USS Abraham Lincoln at 265 days, marking a shift in regional naval operations.