Despite the usual year-end weakness in the greenback, uncertainties in the global market may prevent dollar bears from profiting.
-- A trend of year-end weakness in the greenback may fail to rescue dollar bears, given the current economic and geopolitical uncertainties in the global market .Canada Plans College Crackdown Amid Foreign Student Troubles
“Real rate spreads are, relative to the last five years, favoring the dollar a lot more this time around so you already have the page set for dollar bears to be somewhat weaker in the knees,” said Vishnu Varathan, head of economics and strategy at Mizuho Bank Ltd. in Singapore. “Clearly the elephant in the room is we’ve got unprecedented policy tightening that’s come through,” and then “you’ve got geopolitics thrown into the mix.
Some strategists see Asia’s currencies getting a boost should China’s recovery finally gain traction. Beijing announced a 1 trillion yuan boost in economic aid this week. The currencies are also heavily dependent on the path of US yields, against which the potential returns on regional assets are often compared.
“Going into the year-end, one must be careful about the degree to which you bet against the dollar,” he said. “We should be prepared for a very unseasonable year.”X, One Year Later: How Elon Musk Made a Mess of Twitter’s Business -- Exxon Mobil Corp. and Chevron Corp. spent recent days telling investors why they want to spend $114 billion combined on two megadeals. On Friday, their earnings reports revealed why they need to.
With thousands of tributes pouring in for Matthew Perry, following his death at home on Saturday, one of the most simple but moving has come from the team behind Friends, the sitcom that defined an era and made a star of Perry and his castmates. The official Friends account has posted a simple picture of …
Oleg Tsaryov, 53, is a former Ukrainian lawmaker and was thought to be in line to lead a puppet government for Vladimir Putin in Kyiv.Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.Medical expert explains what could have happened to Matthew Perry
Dollar Bears Year-End Weakness Global Market Uncertainties Federal Reserve Middle East Trend
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Early-season Struggles Impacting Samsonov, Bears QB Fields Ruled Out for Chargers GameWashington Capitals goaltender Ilya Samsonov is facing early-season struggles, affecting his performance on the ice. Meanwhile, Chicago Bears quarterback Justin Fields has been ruled out for the upcoming game against the Los Angeles Chargers due to a thumb injury.
Read more »
AAVE Bulls Look to Rebound After Dip, Will Bears Take Over?AAVE bulls failed to consolidate recent gains, facing resistance at $86.5 and experiencing a sharp retracement. However, bulls successfully defended the $77 support level and are actively looking to rebound. Short-term indicators suggest a quick rebound with profit targets at $83 to $85, but if the support falters, sellers could target $70 to $72.
Read more »
TC Energy Corp. Pursues Multibillion-Dollar Asset Sale to Reduce DebtPipeline and transportation company TC Energy Corp. is planning to sell minority stakes in ANR Pipeline Co. and its Mexican operation, among other potential transactions, to reduce debt and fund new investments. The combined value of these assets is approximately $10 billion.
Read more »
Woman in Mississauga fears she may never see family in Gaza again due to communication blackoutRiham Balousha, a resident of Mississauga, Ont., expresses her distress over the communication blackout in Gaza, fearing she may never be able to see her family again. The blackout has paralyzed the health network and the UN calls for its restoration.
Read more »
Goldman Sachs: Pessimistic Outlook for US Economic Growth May Offer Buying OpportunityGoldman Sachs suggests that if the market's pessimistic outlook for US economic growth continues, it may present a chance to buy stocks. The under-performance of cyclical equities and the recent tightening of financial conditions have raised concerns, but the firm believes that the US economy will remain resilient. Sectors like financial services, semiconductors, and materials may still fare well. Higher rates and the surge in yields have also impacted US profits.
Read more »
Why that photo you saw on social media may not be published in The GlobeThere are several factors - and limitations - that go into deciding what photos from the Israel-Hamas war are selected to publish
Read more »