ING’s Chris Turner reports that USD/KRW rebounded from 1335 after news that Korea’s National Pension Service may halt or reverse its forward-market Dollar selling. Authorities appear comfortable with recent Won gains after a 15% USD/KRW drop since June. ING favours consolidation in both USD/KRW and USD/JPY, seeing reduced Dollar selling…
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AUD/USD advances on Monday, gaining 0.22% on the day to trade around 0.7220 at the time of writing, after reaching its highest level in more than three months. The Australian Dollar (AUD) remains supported by growing expectations that the Reserve Bank of Australia (RBA) could raise interest rates at its policy meeting later this month.Expectations of tighter monetary policy strengthened after Australian Gross Domestic Product (GDP) data released last week showed that the economy expanded…
British carmaker Jaguar Land Rover (JLR) has opened a voluntary redundancy program for salaried and…
ING’s Chris Turner notes that resilient global equities and an above-consensus US jobs report mean…
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How software developers work has already been transformed by the AI revolution, and they’re not the only ones.The Bureau of Labor Statistics classified how exposed hundreds of jobs are to AI based on various published studies over the past few years.BLS classified 206 of 831 jobs as very high, with…
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View MoreManhattan’s luxury rental market is breaking records, with some apartments now going for more than $100,000 a month as New York City’s pied-à-terre tax gives wealthy buyers another reason to rent instead. But Nest Seekers International CEO Eddie Shapiro has a blunt message for anyone shocked by the jaw-dropping prices.”Don’t…
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City governments have felt the heat to drop their contracts with Flock Safety. Now, retail giants are feeling it too.As the backlash against Flock’s security products continues, critics are targeting retail stores that have known partnerships with the company.”There is simply no need for Ulta Beauty to be one of…
