Scotiabank strategists Shaun Osborne and Eric Theoret report USD/JPY is steady but elevated, with recent gains already surpassing prior intervention-trigger levels. A 25 bps Bank of Japan (BoJ) hike on Tuesday is widely anticipated, and markets price nearly one more increase by December. They flag concerns over communication as Governor…
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Rabobank’s Molly Schwartz and Christian Lawrence review the latest Bank of Canada (BoC) decision, noting policymakers kept the overnight rate at 2.25% in June. They highlight ongoing risks from high energy prices and prolonged inflation, alongside a technical recession. They argue structural weakness in durable goods consumption and investment limits scope for hikes, and expect the policy rate to stay at 2.25% through year end despite market pricing.Policy on hold as structural risks build”The Bank…
Ukrainian President Volodymyr Zelenskyy established on Wednesday an annual “special day” for his country to…
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, edges…
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Texas is shifting from courting data centers toward regulating them.Gov. Greg Abbott has proposed new rules for data centers as concerns about their energy and water consumption and their impact on utility prices spur complaints in communities across the US.”The rapid scale of data center development requires oversight to ensure…
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Soccer fans hoping to watch the World Cup in person may need a housing-sized budget. The tournament kicks off Thursday in Mexico City, launching a six-week event expected to draw between 5 million and 6 million fans across 16 North American host cities. But for many U.S. fans, getting inside…
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Companies are giving their AI consumption the GLP treatment.Pushing an AI-over-everything mentality isn’t cheap. And now that the bills are due, some executives are telling workers to rein in their usage.Mind you, this is the same group that was building literal AI leaderboards. But “tokenmaxxing” isn’t as fun when AI…
