Author: Robert Jessi

The AUD/USD pair attracts some buyers to near 0.6950 during the Asian trading hours on Friday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) on hawkish rhetoric from the Reserve Bank of Australia (RBA).RBA Assistant Governor Sarah Hunter said on Wednesday that the board will act as needed to return inflation to its target, warning some tightening may be required if the oil shock lifts inflation expectations, per Reuters.The Australian central bank has implemented three interest rate increases of 25 basis points (bps) so far this year, lifting the Official Cash Rate (OCR) to 4.35%. Current ASX 30-day…

GBP/USD is trading above 1.3400 on Thursday, changing hands near 1.3415 in early European hours and holding a constructive tone as it builds on Wednesday’s gains. That level matters more than any other on the chart: 1.3400 is where the 200-day moving average sits, the exact ceiling that has capped every sterling rally in 2026, and cable is pressing against it now on the back of a genuine two-week recovery off its June low of 1.3165. The pound has climbed roughly 1.7% off that bottom and hit a fresh one-year high against the euro, but against the dollar it faces…

From vtmarkets.com | 9 hr ago USD/JPY edged lower on Thursday, with a softer US Dollar supporting the Japanese Yen. The pair traded around 162.45, staying close to 40-year highs, as the market remained sensitive to the risk of Tokyo acting in the foreign exchange market. Prior episodes of suspected support were short-lived, with the currency still weighed down by structural pressures …

Mark McCormick, chief FX strategist at BMO Capital Markets, joins BNN Bloomberg to discuss how a hawkish U.S. Fed affects the macro backdrop. The Canadian dollar remains under pressure as a stronger U.S. economy and shifting Federal Reserve expectations lift the U.S. dollar. With central banks providing less forward guidance, investors are relying more heavily on economic data to gauge the path for interest rates and currencies.BNN Bloomberg spoke with Mark McCormick, Chief FX Strategist at BMO Capital Markets, about the outlook for the loonie, why the U.S. dollar continues to strengthen, and how a more data-dependent approach from central…

The trend has become so widespread that it’s earned its own name: the “analog economy.” And it’s not just hype. In Canada, sales of vinyl and other physical music formats climbed 34.5% between 2021 and 2023, reaching nearly $85 million, even as CD and digital download sales continued to decline. While it’s easy to mistake the movement for nostalgia, that explanation falls apart when you consider who’s driving much of the demand. Gen Z never experienced the pre-digital world they’re supposedly nostalgic for. The real reason analog endures So what’s really at play with the analog economy? According to values…

Horizon Kinetics Asset Management buys $2,283 of RENN Fund stock

Canada took another step toward its long-awaited open banking system today with the release of proposed regulations.  The news: The Department of Finance published draft open banking regulations on Friday that would govern how the long-awaited financial data-sharing system would work in Canada. The proposed rules, which outline how FinTechs can participate and what data banks would be required to share with them, are open for a 60-day public consultation period.  Under the proposed system, which aims to give consumers more control over their financial information, banks and other financial institutions would be required to share data like account…

US Dollar Dances in the Dark

Japan may be changing its intervention playbook, but that might not be enough to rescue the battered Yen. With USD/JPY hovering at four-decade highs, the currency’s weakness is being driven less by speculative pressure and more by a powerful structural force: the wide US-Japan rate gap. BoJ hikes may slow the decline, but as long as the carry trade remains attractive, markets could keep testing how far Japanese authorities are willing to go.Yen receives short-lived support from stealth intervention risksReports of a significant shift in Japan’s intervention tactics briefly bolstered the Japanese Yen last Thursday, though the market anxiety subsided…

The Pound to Canadian Dollar (GBP/CAD) exchange rate climbed to its strongest level in around a decade on Monday as persistently weak oil prices continued to undermine the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading at CA$1.8971, having eased back slightly after touching a session high of CA$1.8980. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.89894 (+0.16%)Euro to Canadian Dollar (EUR/CAD): 1.623308 (-0.04%)Dollar to Canadian Dollar (USD/CAD): 1.42169 (+0.12%) DAILY RECAP: The Canadian Dollar (CAD) found itself under pressure on Monday, as weaker oil prices continued to weigh heavily on the commodity-linked currency. Crude has…