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Resilience tested as data mixed – Rabobank

Rabobank’s Senior FX Strategist Jane Foley reviews recent United Kingdom (UK) data against Eurozone performance. Foley notes Eurozone Q2 Gross Domestic Product (GDP) at 0.4% q/q and a 0.7% UK upturn in the three months to May. However, UK monthly data show sectoral contractions and composite PMIs in May and…

Interventions signal valuation shift – DBS

DBS Group Research Strategist Chang Wei Liang highlights that the Japanese Yen (JPY) remains undervalued but that this undervaluation has narrowed after Japan’s second FX intervention of 2026, conducted jointly with the United States (US). Liang stresses that rare co-ordinated action, last seen in 2011, aims to curb JPY weakness and ease pressure on Asian currencies such as South Korean Won (KRW) and Renminbi (RMB).Coordinated action supports Asian FX”Co-ordinated FX intervention between the US and…

Finance news

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Business

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President Donald Trump blasted New York City’s new pied-à-terre tax and said his administration is examining whether the federal government has legal authority to intervene, escalating a fight over a surcharge targeting luxury second homes. Trump argued in a Truth Social post Tuesday that the tax could ultimately cost New…

Markets

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The 20 best college towns where life revolves around their universities, ranked

School: University of Michigan-Ann ArborPopulation: 122,233Home to the University of Michigan and its over 50,000 students, Ann Arbor is the best and most distinct college town in the US.College culture is deeply woven into the city’s landscape, where campus buildings blend into a walkable downtown filled with restaurants, bookstores, cafés,…

Investing

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