Q2 GDP expanded 4.3% YoY, below the 4.5% consensus, as real estate woes and sluggish consumption weigh on recovery. China’s economy grew 4.3% year-over-year in the second quarter, falling short of the 4.5% forecast as weak domestic demand and a deepening property crisis dr
Suspected Japanese intervention strengthens the Yen, pressuring the USD and lifting the Canadian Dollar to its lowest level in six weeks. The Canadian Dollar surged to a six-week low against the US Dollar, with USD/CAD falling to 1.3996 as the USD weakened broadly. The mov
Suspected Japanese intervention and softer US inflation data weigh on the USD, lifting the CAD to its strongest level in six weeks. The Canadian Dollar strengthened to 1.3996 against the USD, marking a six-week low for the pair, as the US Dollar weakened broadly. The decli
Silver prices advance toward $58.80 per ounce on Thursday, gaining around 1.7% as softer United States inflation data and weaker-than-expected economic growth place pressure on the US Dollar. The US Core Personal Consumption Expenditures Price Index rose 0.1% MoM in June,
Scale AI announced Thursday that its board of directors has appointed Francis deSouza as chief executive officer, effective Aug. 10, 2026. At Google Cloud, deSouza held the roles of chief operating officer and president of security products before taking on the CEO positio
Eurozone pulls level with the US Both the Eurozone and the US grew 0.4% q/q in Q2 2026. For Europe, that is a welcome upside surprise: growth landed in line with expectations (France, Germany) or above them (Eurozone overall, Spain, Italy), even as the Middle East conflict
DBS Group Research economist Chua Han Teng analyzes Singapore’s latest SGD900mn fiscal support package and the Monetary Authority of Singapore’s (MAS) calibrated tightening of the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) band. The report highlights how
A federal judge ruled Coinbase is not liable for 99.97% of trading volume in a lawsuit over unregistered securities sales. A U.S. federal judge dismissed the majority of a lawsuit accusing Coinbase of illegally selling unregistered securities. The ruling covers 99.97% of t
The US Dollar Index (DXY) tumbles on Thursday as a sharp surge in the Japanese Yen (JPY) fuels speculation that Japanese authorities intervened to support the currency. USD/JPY plunged nearly 480 pips, falling below the psychological 160 mark and dragging the Greenback low
British Pound surges on BoE hawkish hold, Yen intervention crushes USD The Pound Sterling registers gains versus the US Dollar after the Bank of England decided to hold rates unchanged, in a 6-3 vote, while suspected intervention to propel the Japanese Yen weakened the Greenback...</stron
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