UBS maintains a bearish outlook on the EUR/NOK pair, forecasting a steady appreciation of the Norwegian krone through mid-2027, citing a supportive external environment and attractive carry trades.
Strategists at UBS have expressed a favorable view on the New Zealand dollar, citing the Reserve Bank of New Zealand's recent interest rate increase and signals of further monetary tightening.
Citigroup analysts have adopted a tactically bearish view on the British pound, anticipating a potential slide against the euro following the expected appointment of Andy Burnham as Prime Minister, citing historical precedent.
Yield will continue to be the primary driver of foreign exchange markets this year, with carry trades expected to perform well in a stable global economy, according to a new report from Deutsche Bank.
The decentralized finance project TrueDAO has raised $10 million in a strategic funding round led by Brevan Howard Digital to develop its AI-driven financial infrastructure and risk management systems.
Fitch Ratings revised its outlook on Moody's Corporation (NYSE:MCO) to Positive from Stable and affirmed its 'BBB+' rating, citing the company's robust free cash flow, strong market position, and growing analytics business.
A U.S. bankruptcy judge has ruled that California cannot pursue monetary damages against Chrome Holding Co., the successor to 23andMe, in connection with a 2023 data breach. The state's lawsuit is now limited to non-monetary remedies.
Energy technology company Holtec Nuclear Corporation has filed for an initial public offering in the U.S. to raise capital for its development of small modular reactors (SMRs). The company plans to list on Nasdaq under the ticker 'HNUC'.
U.S. stocks closed higher on Friday, buoyed by the successful Nasdaq listing of chipmaker SK Hynix and growing investor anticipation for the second-quarter earnings season, which kicks off next week.
