Month: July 2021

Yen and Swiss Franc dominates the markets for the day, as selloff in stocks spread from Asia to Europe, to US. Risk aversion intensified with DOW down over -800 pts in initial trading, while 10-year yield breaks1.2 handle. Canadian Dollar is the worst performing one, as WTI crude oil breaks below 70 handle. However, Australian
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EUR/JPY keeps bounce off four-month low, refreshes intraday high. US 10-year Treasury yields consolidate the heaviest daily loss since November. US stimulus headlines jostle with mixed updates over Delta covid variant amid subdued markets. Japan’s National Core CPI jumps the most since March 2020 on YOY. EUR/JPY picks up bids to 129.20, near the lowest
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Mumbai-based crypto exchange WazirX has been the target of much of India’s regulatory heat as the company continues to attract local investors.  In the latest run-in with the government, the Directorate of Enforcement (ED) issued a show-cause notice to WazirX for allegedly violating the Foreign Exchange Management Act in relation to transactions worth 2,790.74 crore
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Yen rises broadly as the markets start the week with risk aversion in Asia. On the other hand, Canadian Dollar is trading as the weakest, leading other commodity currencies lower. European majors are mixed together with Dollar for the moment. The economic calendar is rather light today and focuses will stay on development in the
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