Hints and tips:
...Kenya is also in talks with the US to build a stronger trade relationship. The EU and US have agreed a joint plan to upgrade the country’s telecoms infrastructure....
...There is also some limited trade denominated in local currencies to avoid Ukraine-related US trade and financial sanctions....
...“The BoI did a pretty good job defending levels beyond 4.00 per US dollar and the disclosure of central bank FX [currency] intervention firepower managed to suppress speculative short shekel flows,” said...
...And the gap between the US and Europe is likely to widen further in the coming years....
...Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal at a rate of $1.00 per PayPal USD....
...Brent crude futures settled slightly lower at $95.31 a barrel, while the US benchmark WTI contract dropped 1 per cent to $90.79....
...Countries that successfully beat down inflation (through higher-for-longer interest rates) were either able to maintain their currency pegs or limit their currency’s depreciation....
...The tax exile built his reputation as a currency speculator when he, like George Soros, bet against the pound in the build-up to Black Wednesday in 1992....
...During that same time period, the price of MEDP declined from $43.79 to close at $43.39. Hedge Fund A’s trading during that time period represented 88.9% of the trading in MEDP....
...the nascent and expanding digital currency industry....
...“The shift towards digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the US dollar,” said Dan Schulman, chief executive of PayPal....
...“In the next six months in the US economy, I think you will start seeing data surprise to the downside,” Khanduja said....
...Yields on the policy-sensitive two-year US Treasury fell 0.01 percentage points to 4.79 per cent, while yields on the benchmark 10-year note rose by 0.04 percentage points to 4.1 per cent....
...Meanwhile, oil prices rose, with international benchmark Brent crude adding more than 2 per cent to about $79 a barrel....
...The dollar index, which measures the currency against a basket of peers, added 0.4 per cent in morning trading in Asia....
...And in a warning to rebels he added: “It’s not funny. You are driving us towards the abyss.”...
...’s biggest economy came in at 248,000 for the week ending August 5 — higher than consensus estimates of 230,000 and up from 227,00 a week earlier....
...“Dollar long positions are evaporating rapidly, with [producer price] numbers all but confirming the disinflationary narrative in the US,” said Francesco Pesole, currency analyst at ING....
...For the small caps, the figure was 16 per cent (79 out of 479). The same pattern appears in interest coverage, but is more extreme....
...Annual consumer prices in the 20-country single currency bloc rose 6.1 per cent in the year to May, declining from 7 per cent in April, but investors expect they will remain too high to convince policymakers...
...The yield at auction on a US 21-day bill on Tuesday hit 6.2 per cent, the highest level for any US benchmark bond in more than 20 years....
...Unlike the US, which benefits from the dominant position of the dollar in international trade and reserves, the euro is in a weaker position....
...Earlier this week the labour department said job openings in the US fell in February to the lowest level in nearly two years....
...Join us on Wednesday from 14:00 — 15:05 BST for an exclusive Financial Times/Nikkei webinar on Japan’s economy and the revival of the country’s stock market. Register here today....
International Edition