Author: Robert Jessi

“A lot of guests underestimate the full cost beyond the room rate,”  says Leila Lavaee, founder of Travel Design by Leila. “Flights, transfers, meals, baggage fees, seat selection, and currency conversion can add up fast.”  Traditionally, the expectation has been that guests cover their own travel and accommodations, while couples pay for wedding-related events. “At an all-inclusive resort, guests usually pay for their resort stay, which includes all meals and drinks,”  explains Courtney Zimmerman, a destination wedding and group travel specialist with Liz Moore Destination Weddings. “The couple typically pays for the ceremony, reception, and any private events they host.”  Should…

UBS cuts Pepsico stock price target on growth concerns to $172

USD The dollar began the second half on the front foot, before fading after Chair Warsh’s acknowledgment that inflation risks had come down, alongside an ISM manufacturing report whose prices-paid gauge posted its largest monthly drop since 2022. That mix left the DXY to finish near 101.4 on the day, albeit still below its June 24th peak and consistent with our view that the dollar is topping out. Today’s focus is on June payrolls at 13:30 BST, pulled forward ahead of tomorrow’s Independence Day closure. Consensus sits close to the 115k mark, while unemployment is projected to remain at 4.3%.…

The won is not simply weakening because the dollar has found its feet again. Foreign investors own a vast pool of Korean equity exposure, and as the surged through the second quarter, the amount of won risk sitting inside those portfolios expanded sharply. Even a modest hedge ratio creates a large amount of demand for offshore dollar hedges when the underlying equity market is rising by this much. Much of that hedging is done through the illiquid NDF market, where the demand is often most intense around quarter-end, when passive and real-money investors tend to rebalance in bulk rather than…

The Pound to Canadian Dollar (GBP/CAD) exchange rate traded in a narrow range on Wednesday as uncertainty surrounding USMCA trade negotiations kept the Canadian Dollar subdued while Sterling awaited comments from Bank of England Governor Andrew Bailey. At the time of writing, GBP/CAD was trading at CA$1.8827, little changed on the day. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.88368 (+0.06%)Euro to Canadian Dollar (EUR/CAD): 1.61838 (-0.2%)Dollar to Canadian Dollar (USD/CAD): 1.42311 (+0.16%) DAILY RECAP: The Canadian Dollar (CAD) struggled to attract support on Wednesday amid renewed uncertainty surrounding the future of the US–Mexico–Canada Agreement (USMCA) on trade. Representatives…

USD/CAD has recovered its recent losses from the previous day, trading around 1.4220 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains ground on safe-haven demand amid uncertainty over United States (US)-Iran Doha talks.US negotiators Jared Kushner and Steve Witkoff arrived in Qatar on Tuesday to meet with mediators regarding the implementation of an initial peace deal to end the conflict with Iran. However, Tehran stated it would not meet directly with the US envoys, clouding prospects for a lasting resolution and keeping geopolitical risk premiums alive in the market.The Greenback received a boost…

Oil falls after US, Iran talks conclude in Doha

The EUR/USD pair posts modest gains near 1.1380 during the early Asian session on Thursday. The US Dollar (USD) edges lower against the Euro (EUR) on less hawkish remarks from Federal Reserve (Fed) Chairman Kevin Warsh. Traders will closely monitor the US jobs data for June later on Thursday.Fed’s Warsh, on Wednesday at the ECB Forum on Central Banking, declined to give any signal as to what the central bank may do at its July policy meeting but did note that inflation was too elevated. He emphasized commitment to central bank independence and a 2% inflation target.Warsh reiterated his preference…

XAU/USD Current Price: $4,071Easing inflation-related concerns boosted the market’s mood, hurting US Dollar demand. Federal Reserve Chair Kevin Warsh refused once again to provide forward guidance. XAU/USD gains upward traction in the near term, but there’s a long way ahead before turning bullish.Spot Gold peaked at $4,115.48 on Wednesday, its highest in over a week, and is now changing hands at $4,071. The US Dollar (USD) once again started the day with a strong footing, but turned lower early in the American session. Different factors played against the USD intraday, although none of those were enough to affect its dominant…

USD/CAD has recovered its recent losses from the previous day, trading around 1.4220 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains ground on safe-haven demand amid uncertainty over United States (US)-Iran Doha talks.US negotiators Jared Kushner and Steve Witkoff arrived in Qatar on Tuesday to meet with mediators regarding the implementation of an initial peace deal to end the conflict with Iran. However, Tehran stated it would not meet directly with the US envoys, clouding prospects for a lasting resolution and keeping geopolitical risk premiums alive in the market.The Greenback received a boost…