The Japanese Yen (JPY) continues to trade near levels last seen in 1986 against the US Dollar. Despite strong domestic economic indicators – headlined by a robust quarterly Tankan survey – the Yen remains heavily weighed down by aggressive short positioning and its role as
ING strategists Michiel Tukker and Padhraic Garvey highlight that Sterling markets remain highly sensitive to UK inflation risks, especially around near-term fiscal spending plans. They argue that any sizeable immediate spending could lift British Pound (GBP) rates more th
The New Zealand Dollar weakens against the US Dollar ahead of key US jobs data, reversing earlier gains. NZD/USD declined 0.32% to 0.5660 on Wednesday, erasing part of Tuesday’s rebound. The move reflects broader risk aversion as investors favor the USD amid safe-haven dem
Oxmiq aims to reduce AI system costs by integrating graphics, processors, and tensor engines into a single licensed design. Artificial intelligence startup Oxmiq announced a $35 million funding round to develop chip architecture and software designed to lower the cost of A
Oxmiq aims to reduce AI system costs by integrating graphics, processors, and tensor engines into a single licensed design. Artificial intelligence startup Oxmiq raised $35 million to develop chip architecture and software aimed at lowering the cost of AI applications. The
Years, a direct-to-consumer dog-food company, gains investment from Verlinvest and Five Seasons Ventures to scale production and enter Europe. UK-based dog-food company Years has secured private equity backing from Verlinvest and venture capital firm Five Seasons Ventures
OCBC analysts see modest USD upside on stable US labor data and hawkish Fed risks, despite low expectations for Sintra policy shifts. Federal Reserve Chair Kevin Warsh’s appearance at the Sintra forum and upcoming US payrolls data are key drivers for the US Dollar (USD) th
Meta’s plan to monetize surplus AI capacity sends shares of Nvidia, AMD, and other chipmakers lower while boosting its own stock. Meta announced plans to build a cloud business selling excess AI compute capacity, triggering a sell-off in AI-related stocks. Nvidia fell $3.5
Eurozone June inflation slowed more than expected, reducing bets on further ECB rate hikes this year and weighing on the Euro. The Euro fell to a one-year low against the British Pound after Eurozone inflation data missed forecasts, dampening expectations for another Europ
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
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