Europe FX

Key Takeaways: The Canadian dollar weakened against the USD this week Market drivers of loonie weakness include spreads working against the CAD Canadian CPI data coming in cooler than expected may lead to a Bank of Canada rate cut Scotiabank analysts expect the CAD’s linkage with stocks to soften Wells … Read more

Key Takeaways: Concerned about China’s excess manufacturing capacity impacting the global economy Chinese heavily subsidized manufacturing capacity for various goods creating overcapacity U.S. implementing measures like tariffs and tax credits to keep Chinese EVs out of the market Engaging in discussions with China to ensure fair competition on a global scale … Read more

Key Takeaways: Adeyemo does not believe that China’s economic challenges will have a major impact on the US economy Excess manufacturing capacity from China, particularly in electric vehicles and solar panels, is a concern for the global economy U.S. tariffs and tax credits aim to prevent Chinese EVs from dominating the U.S. … Read more

Key Takeaways Switzerland prefers physical cash over payment apps Cash is the most accepted payment method for face-to-face businesses Mobile payment apps are becoming more popular, surpassing credit and debit cards Bank transfers are popular for Swiss companies dealing with clients remotely Concerns raised about marginalized groups due to lack … Read more

Key Takeaways: Most Asian currencies weakened following hawkish signals from the Federal Reserve and strong U.S. labor data Dollar index and futures showed little movement in Asian trade, with mild weekly losses Japanese market holiday with muted trading volumes, yen above 150 level to the dollar Chinese yuan, South Korean won, … Read more

Key Takeaways: Reddit disclosed $90.8 million in losses and 21% revenue growth in 2023 Revenue grew from $666.7 million to $804 million Reddit aims for a planned stock market debut in March through IPO filing Reddit struck a deal with Google to make its content available for AI models Reddit … Read more

Key Takeaways: LKQ Corp facing disruptions in European operations due to Red Sea crisis Freight costs likely to rise if crisis continues Vessels having to divert around South Africa causing lead time and cost increases Houthis targeting ships in Red Sea waters, forcing freight reroutes Americans repairing older vehicles instead … Read more

Key Takeaways Dolphin Entertainment, Inc. has added So Yummy to its portfolio So Yummy is a digital food content brand with a large social media following So Yummy will participate in the Food Network South Beach Wine & Food Festival The festival panel discussion will focus on digital content creation in … Read more