Via a Bloomberg video interview, touching more widely on the yuan, AUD, NZD also
David Bloom, global head of foreign exchange strategy at HSBC
David Bloom, global head of foreign exchange strategy at HSBC
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Reserve Bank of India is likely to have intervened to sell USD/INR, support rupee. A sharp move down for USD/INR and talk circulating of the RBI in the market.
CMA CGM buys FedEx logistics for $1.4B, boosting its supply chain reach. FedEx exits a segment.
Japan is shifting to unsignalled, ambush-style intervention against yen short sellers rather than telegraphing risks in advance, sources tell Reuters, as the yen hits 40 year lows.
Cook County minimum wage jumps 10% July 1. Expect higher labor costs for businesses, potential price hikes for consumers.
investingLive Asia-Pacific FX news wrap: Tech sell off slams Kospi, Nikkei lower too
Korean chip giants tumble 7%+ on AI selloff fears. Kospi volatile, risks mount beyond the boom.
US payrolls preview: June NFP seen slowing sharply to 110k after May's surge. Markets want to know if May's payrolls surge was real tightening or a World Cup blip.
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