Author: Daniel snow
Asia FX: Japanese yen firms on intervention talk, Aussie boosted by RBA Source link
Pakistan’s proposed power prices to lift inflation, help industry, analysts say Source link
CIBC monthly FX outlook: Why the US dollar selloff is likely over Source link
Lyft CEO David Risher defended the company’s fourth-quarter results Wednesday, telling CNBC that consumer demand remains strong. “We have record profits, generated over a billion dollars in cash, and that’s a result of our customer-obsessed strategy, which just keeps working and growing the company,” he told CNBC’s “Squawk Box.” “So, love what we’re seeing, and really no softness on the consumer side at all.”Shares sank 15% Wednesday as ridership numbers disappointed Wall Street.The ride-sharing company reported 29.2 million active riders for the quarter, falling short of 29.5 million expected by analysts. Rides totaled 243.5 million for the period, missing estimates…
Aussie dollar hits 3-yr high on hawkish comments from RBA deputy gov Source link
The global transition to low-carbon energy is accelerating. But contradictory economic and geopolitical forces are at play. A recent report found that in the next decade, global temperatures will likely exceed the Paris Agreement target of a 1.5°C rise. Meanwhile, the United States, Europe, and Canada are walking back climate-friendly measures, just as China emerges as a clean-tech manufacturing powerhouse. Energy-intensive data centers contribute to ever-increasing demand (up 2.2% year-on-year in 2024), which ramps up energy security concerns. The urge for energy resilience is prompting some territories to go it alone in pursuit of energy sovereignty. As a recent PwC…
Asia FX firms as dollar weakens ahead of payrolls; yuan steady after soft CPI Source link
Yen perky as Japan fiscal fears dissipate, dollar shaky ahead of payrolls Source link
Dollar may fall 10% this year if Fed cuts more than expected, says strategist Source link
Economic data to drive U.S. dollar moves – BofA Securities Source link