Tim Cook met with EU tech leadership to explore deploying Apple’s updated Siri AI in European markets. Apple CEO Tim Cook engaged in discussions described as constructive regarding the potential rollout of the company’s new Siri AI in Europe. The talks involved EU tech chi
Japanese Yen consolidates at 40-year lows against USD amid high intervention risks The Japanese Yen (JPY) continues heading south against the US Dollar (USD) on Wednesday. The USD/JPY pair has eased to the 162.70 area after hitting a fresh 40-year high at 162.84, but remai
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WTI crude falls 0.7% to $69.00 while S&P 500 and Nasdaq futures retreat amid mixed risk sentiment in early July trading. Oil prices extended losses in early July trade, with WTI crude down 0.7% to $69.00. The decline comes despite ongoing US-Iran indirect talks, as market
DBS economist Radhika Rao reports that USD/INR has eased towards the mid-94 handle as India’s balance of payments (BoP) improves and commodity prices fall. Near term, the Indian Rupee (INR) could benefit further from BoP-accretive flows, though Reserve Bank of India’s (RBI
Reuters poll shows most FX analysts still expect dollar decline despite near-term gains from Fed rate hike expectations. The U.S. dollar has rebounded nearly 4% from May lows, supported by elevated Treasury yields, resilient economic data, and expectations of Federal Reser
Deal includes €2.7bn in loans, €1.5bn deposits, and €1bn assets under management from 150,000 customers. Kotak Mahindra Bank will acquire Deutsche Bank’s retail banking, private banking, and wealth management operations in India for $29.79m. The transaction covers €2.7bn i
HSBC’s Willem Sels and Lucia Ku highlight that the new Fed Chair’s hawkish tone supports expectations that US policy rates will stay unchanged through 2026 and 2027, reinforcing Dollar credibility. They note consensus earnings growth above 10% for most S&P 500 sectors and
The Australian Dollar declines 0.31% against the USD as robust US labor figures and cautious markets bolster demand for the greenback. The Australian Dollar weakened against the US Dollar on Wednesday, trading near 0.6900 and down 0.31% for the session. The move follows fi
U.S. dollar strengthens to 162.71 yen as higher Treasury yields fuel rally ahead of key U.S. jobs data. The dollar climbed to a 40-year high against the yen, reaching 162.84 before settling at 162.71, up 0.1%. The rally was driven by a sharp rise in U.S. Treasury yields, w
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