FX

The Australian Dollar remains tepid following the release of the monthly Consumer Price Index. China’s International Trade Representative and Vice Minister of Commerce met with US business leaders to discuss tariffs. The Trump administration considers tightening chip export controls on China. The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for the fourth
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UnitedHealth Group stock slides hard as DOJ opens investigation. Government probe involves possible fraudulent overcharging of Medicare Advantage plans. UNH stock slides as low as 438.50, a 10-month low. Health insurer calls allegations “false” and “outrageous”. UnitedHealth Group (UNH) stock crashed on Friday morning in light of a new United States (US) Department of Justice (DOJ) probe
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The Japanese Yen strengthens against the USD for the third straight day on Thursday. The divergent BoJ-Fed policy expectations continue to underpin the lower-yielding JPY.  A positive risk tone does little to dent bullish sentiment surrounding the safe-haven JPY. The Japanese Yen (JPY) remains on the front foot against its American counterpart during the Asian
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People’s Bank of China (PBOC) Governor Pan Gongsheng said on Monday that “interest rate and RRR tools will be utilized to maintain ample liquidity.” Additional comments Reaffirms China plans to increase the fiscal deficit. China will remain a driving force for the global economy. Policy focus should shift towards investment and consumption. Challenges persist in
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Japan’s Finance Minister Katsunobu Kato said on Friday that he is concerned about the recent foreign exchange move, including those driven by speculation. Kato added that he will ake appropriate action against excessive moves.   Key quotes Sees stable FX movement as desirable, reflecting fundamentals. Sees abrupt, unilateral movements in foreign exchange market. To take appropriate
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