The reason behind the furrowed brows of Asia’s currency officials is simple the relentless rise of the dollar. The greenback continues to benefit from a potent dollar-smile mix of higher US yields and fears of a global recession. Once more the words of Nixon’s Treasury Secretary John Connally ring true, the dollar is our currency, but your problem.
The profit from six large oil companies in the first half of 2022 was enough to offset the financial impacts with $70 billion left over.
The US called the allegation transparently false as Shoigu and US Secretary of Defense Lloyd Austin spoke for the second time in three days. Wall Street unfazed by Saudi tension.
China Syndrome China s markets delivered what appeared to be a stark rebuke of President Xi Jinping s move to stack his leadership ranks with loyalists.
ECB Primed The European Central Bank is priming another hefty hike in interest rates this week as the attention increasingly switches to how high it will eventually push.0