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Japanese Yen regains ground ahead of pivotal week for Fed, BoJ

USD/JPY edges lower on Monday and trades around 163.70 at the time of writing, down 0.09% on the day, as the US Dollar (USD) comes under pressure from improving risk sentiment following the latest geopolitical developments. Market mood improved after Washington and Tehran confirmed they had paused attacks against each…

Canadian Dollar holds losses against US Dollar, weighed by lower Oil prices

The Canadian Dollar (CAD) remains vulnerable, despite the safe-haven US Dollar’s (USD) weakness on Monday, and extends losses for the second consecutive day. The USD/CAD pair trades just below two-week highs at 1.1411, as the negative impact on the CAD from the decline in Oil prices is offsetting the safe-haven USD’s weakness amid the risk-on mood triggered by the truce in Iran.US and Iran have halted their hostilities, which has triggered a mild relief rally,…

Finance news

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Business

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Chipotle opens first Mexico location as it plans further expansion

Chipotle Mexican Grill opened its first restaurant in Mexico this month as part of the fast-casual chain’s international growth strategy. The new location opened on July 16 in San Pedro Garza García, Nuevo León, part of the Monterrey metropolitan area, and is being operated in partnership with restaurant operator Alsea,…

Markets

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United CEO reportedly floated merger with Delta Air Lines

United Airlines reportedly approached Delta Air Lines last year about a potential merger that would have combined two of the largest U.S. carriers. United CEO Scott Kirby contacted Delta CEO Ed Bastian to pitch the potential tie-up, The Wall Street Journal reported Sunday, citing people familiar with the matter.According to…

Investing

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