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Asia-Pacific FX news summary: AUD and NZD fall, INR rises

Asia-Pacific FX news summary: AUD and NZD fall, INR rises

Amid sensitive discussions surrounding succession, Lagarde expressed her desire to conclude her term at the ECB. Westpac highlights that Australia’s unemployment rate may obscure underlying weaknesses in demand and falling workforce participation. Currency intervention reports suggest that the Reserve Bank of India is selling USD/INR to bolster the rupee. Goldman forecasts that gold prices will […]

Shipments from China to US midsize companies fall by 20%, according to JPMorgan Chase.

Shipments from China to US midsize companies fall by 20%, according to JPMorgan Chase.

Payments from mid-sized U.S. companies to China saw a notable decline last year, according to recent findings. This drop is linked to the tariffs imposed on imports during the Trump administration. A study by the JPMorgan Chase Research Institute, released on Thursday, indicated that these companies reduced their payments to China by around 20% from […]

The Era of Bitcoin’s Rapid Rise and Fall Ends as Institutions Take Charge

The Era of Bitcoin's Rapid Rise and Fall Ends as Institutions Take Charge

Simply put WisdomTree, an asset management firm, notes that cryptocurrencies are transitioning from individual speculation toward a more disciplined institutional approach. The traditional methods of diversification are facing challenges. Cryptocurrencies present new alternatives. Regulatory measures have helped direct capital into compliant and transparent frameworks. According to a recent note from WisdomTree, the landscape of Bitcoin […]

Swedish skier competes on one ski after a terrible fall during the Olympics

Swedish skier competes on one ski after a terrible fall during the Olympics

Skiing without actual skis is, well, pretty challenging. On Saturday, Sweden narrowly missed out on a gold in the women’s 4×7.5km relay. The disappointment came when Eva Andersson had a tough fall, forcing her to compete on just one ski for nearly 30 seconds. After falling, she struggled to get her right ski back in […]

Gold prices fall 3% after strong US job report

Gold prices fall 3% after strong US job report

Gold prices dropped below the $5,000-an-ounce mark again on Thursday, following new economic data from the U.S. that strengthened the belief the Federal Reserve won’t be cutting interest rates in the near future. Spot prices decreased by 4% to $4,880 an ounce before bouncing back somewhat. By midday, gold was trading above $4,900, representing an […]

Elizabeth Lemley wins gold in women’s mogul final after favorite’s unexpected fall.

Elizabeth Lemley wins gold in women's mogul final after favorite's unexpected fall.

Team USA brought some early excitement on Wednesday morning with a remarkable performance. In her Olympic debut, Elizabeth Lemley participated in the women’s moguls final. The 20-year-old narrowly missed out on a gold medal, finishing second in the qualifying round. However, she benefited from a mishap by defending champion Jakara Anthony. Lemley, hailing from Vail, […]