The USD/ZAR exchange rate retreated on Monday morning as tensions between the US and South Africa rose. It dropped to a low of 18.20, 5.40% below the highest level this year as focus shifts to the upcoming Fed and South Africa interest rate decision. US and South Africa tensionsThe US and…
The USD/JPY exchange rate tilted upwards on Monday morning as investors focused on the upcoming Federal Reserve (FOMC) and Bank of Japan (BoJ) interest rate decisions. It rose to a high of 148.75, up from this month’s low of 146.56.Bank of Japan interest rate decisionThe BoJ will be one of…
The USD/CHF exchange rate moved sideways on Monday morning as focus among investors shifted from the upcoming Swiss National Bank (SNB) and Federal Reserve interest rates decisions. It rose to a high of 0.8845, a few points above this month’s low of 0.8757.Swiss National Bank rate decisionThe USD to CHF…
Spirit Airlines chief executive Ted Christie says the company is positioned to steal share from its larger rival, Southwest Airlines Co (NYSE: LUV), in 2025.Southwest will start charging its customers for checked bags from May, a significant change in strategy that may hurt the air carrier in the beginning –…
Getty Images stock price has crashed to a record low as concerns about its growth and AI disruption continue. GETY slumped to a low of $2 on Friday, down by over 94% from its highest level in 2022. So, what next for Getty shares ahead of its quarterly earnings on…
PDD Holdings stock price has done well this year, helped by the ongoing optimism about China and its strong revenue growth. It has jumped by over 26% this year, giving it a market cap of over $170 billion and making it the 11th biggest company in China. It is the…
American stocks ended the week strongly, with the Dow Jones, S&P 500, and Nasdaq 100 indices rising by 675, 117, and 450 points, respectively. This rebound capped a highly volatile week in which the VIX index jumped to almost $23, the highest level in months. The Federal Reserve will drive the…
The US debt currently sits at around $36.6 trillion and the government is, once again, approaching its legal borrowing limit.With no clear plan to raise the debt ceiling, analysts warn that a default could happen as soon as this summer. At the same time, political divisions are deepening as lawmakers struggle…
Ukraine’s potential agreement to a US-negotiated ceasefire could have far-reaching consequences for the global commodity market. If implemented, this ceasefire could lead to a significant shift in commodity prices and trade flows.“Although still early in the process, the energy market implications of a Ukraine-Russia ceasefire could be huge,” Jorge Leon, head…
LATAM’s cryptocurrency landscape continues to grow.This week’s highlights come from Mexico, where Sumub (a digital assets security platform) published a report detailing the cases of digital asset fraud and how they affect users.Sumsub’s “2024 Identity Fraud Report” reported a 1.6% rate of bitcoin fraud in Mexico. This digital asset security…