AI tailwinds are no longer exclusive to the US dollar: JPMorgan identifies positive signals for the euro, Australian dollar, and pound sterling
The growth dividend brought by AI is spreading beyond the United States. JPMorgan's latest text-based indicators show that the U.S. dollar remains at the forefront among developed economies, but the
Asian Currencies Consolidate But May Be Weighed by Safe Haven Demand for Greenback -- Market Talk
2335 GMT - Asian currencies consolidate against the dollar in early trade but may be weighed by safe-haven demand for the greenback amid rising Middle East tensions." A pickup in Iranian attacks on
Global Forex and Fixed Income Roundup: Market Talk
The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day. 0328 GMT - The Chinese yuan is undervalued by as much as 25%, Jonas Goltermann,
Trump advisor calls on Powell: Leave the Federal Reserve immediately!
U.S. President Trump's top economic adviser, Hassett, has once again publicly called for former Federal Reserve Chairman Powell to step down from the Federal Reserve Board.
Bessent Moves to Calm Markets: Rise in U.S. Treasury Yields Is a Global Phenomenon; Dismisses AI Bubble Concerns
U.S. Treasury Secretary Bessent defended the rise in U.S. Treasury yields, stating that this round of increases is a global phenomenon, not unique to the United States, and does not warrant excessive concern. He attributed some of the inflationary pressures to rising oil prices caused by the conflict in Iran, expecting the energy shock to subside as hostilities ease. Bessent dismissed the notion of an AI bubble, arguing that investments by tech giants are underpinned by sound business logic.
Weekly Outlook | The Fed minutes are coming! Can expectations of rate hikes be reversed? The World Artificial Intelligence Summit has opened, with executives from OpenAI, NVIDIA, and others set to participate.
Earnings season is kicking off, with PepsiCo, Delta Air Lines, and others set to report first; a concentrated auction of over $61 billion in long-term U.S. Treasury bonds is underway, putting yields under supply-side pressure.