The Swiss franc climbed to a 10-year high against the euro as expectations of stickier inflation and the prospect of lower US tariffs bolstered demand for the haven currency. The franc rose 0.4% to 0.91862 per euro, its strongest level since January 2015 when the Swiss National Bank ended the 1.20 exchange rate cap. It’s on track for a seventh daily gain, the longest winning streak since August 2024. Most Read from Bloomberg The currency’s advance follows comments from SNB Vice President Antoine Martin ...

Asked whether the US will rejoin the CPTPP, Schott stated that he does not believe the US government will restart the process anytime soon. Schott joined the Peterson Institute for International Economics in 1983 and is a senior fellow working on international trade policy and economic sanctions. He was an official of the US Treasury Department (1974–82) in international trade and energy policy. During the Tokyo Round of multilateral trade negotiations, he was a member of the US delegation that negotiated t ...

Core Insights - The Argentine peso has experienced a significant decline, trading at an unprecedented rate of 1,500 against the USD, marking a 45% increase in the USD/ARS exchange rate this year, making it the worst-performing currency [1][4]. Economic Context - The surge in the USD/ARS pair occurred despite US government interventions, including the sale of dollars through Banco Santander and a $20 billion currency swap line [2][3]. - The US Treasury is also negotiating with American banks for additional loans, although many banks are hesitant to participate [3]. Political Factors - The upcoming mid-term elections in Argentina pose a risk to the current administration, with the potential loss of Milei's party, which could lead to a cessation of US aid [3][5]. - There is significant domestic pressure on Donald Trump regarding the bailout, with some lawmakers advocating for prioritizing American interests over foreign aid [5][6]. Market Analysis - Technical analysis indicates that the USD/ARS pair has been in a strong uptrend, surpassing key resistance levels, suggesting potential for further gains [8][9]. - The ongoing rally of the US dollar, with the dollar index rising from 96 to nearly 100, has contributed to the peso's decline against both developed and emerging market currencies [7].

The US Treasury Department in Washington. Most Read from Bloomberg The US Treasury bought more Argentine pesos Friday than it had in any other session, traders estimated, as the currency continued to lose value despite American support. Traders estimated that Secretary Scott Bessent’s Treasury sold more than $200 million during the trading session Friday, with roughly half coming in the final 10 minutes, according to people with direct knowledge. That approximate figure wasn’t seen in prior sessions, at ...

Core Insights - The US dollar has strengthened against most major currencies due to renewed trade tensions with China, prompting investors to seek safe-haven assets [2] - The Bloomberg Dollar Spot Index increased by 0.3%, reaching its highest level since August 1, as government bonds rallied and stock prices fell [2] - Analysts from ING suggest that the dollar's renewed status as a safe haven and additional bullish momentum could support its value in the near term [3] Currency Movements - The Australian dollar experienced a 1% decline, marking its lowest value in nearly two months, while the British pound reached a new two-month low following labor data from the UK [2] - Options markets indicate a rising demand for bullish dollar positions, particularly against the pound, Australian dollar, and Canadian dollar [4] - Conversely, traders are taking a bearish stance on the Japanese yen, which is currently leading G-10 currencies [4] Market Sentiment - Traders are closely monitoring a keynote speech by Federal Reserve Chair Jerome Powell for insights on whether the market's current pricing of the central bank's outlook is overly dovish [5]

Yahoo Finance senior reporter Ines Ferré explains what stablecoins are, their ties to currency like the US dollar (DX=F, DX-Y.NYB), their use cases, and regulatory guidelines for them in the US. Ines also breaks down what digital asset treasury companies are and what they do as they have exploded in popularity. #youtube #crypto #stablecoins ...

Market Trends - Investors are selling off US dollars, euros, and yen [1] - There's a surge in the price of Bitcoin, gold, and silver, indicating a shift to alternative assets [1] - Wall Street has termed this investment behavior as "debasement trading" [1]

Group 1 - The dollar reached its strongest level in two months due to political risks abroad and a lack of US economic data [1] - The Bloomberg Dollar Spot Index remained flat after gains were erased by dovish comments from the Federal Reserve Bank of New York President John Williams, who supports further interest-rate cuts [2] - Demand for dollar-bullish structures has outpaced bearish ones, indicating a shift in market sentiment favoring the dollar [3] Group 2 - The US government shutdown has muted concerns about a softening labor market, reducing incentives for traders to sell the dollar [4] - Political risks in Japan and France have led to a repositioning in major currencies, with hedge funds closing short-dollar positions and showing interest in bullish exposure [5] - Hedge funds in Europe and Asia are increasing option trades, anticipating a weakening of currencies like the euro and yen against the dollar [6]

Core Viewpoint - The Japanese yen is experiencing significant depreciation as market expectations for a rate hike by the Bank of Japan diminish, with the USDJPY exchange rate reaching 153 yen per dollar, the lowest since February 14 [1]. Group 1: Currency Impact - The selection of Sanae Takaichi in the Liberal Democratic Party leadership contest has contributed to the yen's decline, as she advocates for lower interest rates, which are generally detrimental to domestic currencies [1]. - The yen's drop past the 150 level against the dollar is perceived as an initial phase of a more extensive decline, with comparisons drawn to former Prime Minister Abe's policies that favored monetary and fiscal stimulus over structural reforms [2].

Core Insights - The yen has weakened significantly, reaching 152.34 against the dollar and a record low against the euro, following Sanae Takaichi's unexpected victory as the new leader of Japan's ruling Liberal Democratic Party [2][4] - Market expectations for a Bank of Japan interest rate hike have diminished, with a 25% chance of a move at the BOJ's upcoming meeting, down from 57% prior to the leadership vote [5] Currency Performance - The yen's depreciation has sparked renewed interest in the carry trade strategy, where investors borrow low-yielding yen to invest in higher-yielding currencies [5] - Bank of America has revised its forecast for the yen to end the year at 155 per US dollar, up from a previous estimate of 153, citing increased political and fiscal risks [6] Market Reactions - Hedging costs against further yen depreciation have surged, with premiums for hedging now at their highest level in over three years [7] - Analysts from ING noted that the new government under Takaichi is expected to influence a stronger economy, leading to a steeper yield curve and an equity rally [5]