According to Citi, the Japanese yen's persistent weakness is being driven by hedging-related selling as domestic and foreign investors react to record-high equity markets. The bank identifies ¥165 per dollar as a key level to watch.
Analysts at Citi project the dollar could strengthen to ¥163 against the yen if Japan's Topix stock index surges to 4,500, citing portfolio rebalancing effects from a strong equity market.
The Canadian dollar strengthened against its U.S. counterpart after June employment data surpassed analyst expectations, signaling resilience in the Canadian economy and potentially influencing the Bank of Canada's monetary policy outlook.
Crypto derivatives exchange Deribit and trading software firm SignalPlus have launched 'The Island,' a 35-day competition designed to boost trading volume with a prize pool of up to $600,000 USDC.
TrueDAO, a developer of AI-driven decentralized finance tools, has raised $10 million in a strategic round led by Brevan Howard Digital. The funds will be used to advance its protocol development, risk management systems, and global compliance efforts.
The enterprise software firm disclosed a significant second-quarter loss on its digital assets in a regulatory filing and confirmed it sold bitcoin to fund preferred stock distributions and replenish cash reserves.
Financial markets platform Investing.com has launched a promotional campaign for its premium InvestingPro subscription, which offers AI-driven stock analysis and data tools for investors.
U.S. equity futures retreated on Monday, led by declines in the technology sector, as escalating military conflict in the Middle East and conflicting reports over the Strait of Hormuz rattled investors ahead of a crucial earnings season.
Claudio Descalzi, CEO of Italian energy major Eni, forecast that crude prices could break above $100 per barrel by early 2027 if regional conflicts continue, warning that dwindling strategic reserves are leaving the market exposed to supply shocks.
