Trade
Bets against Yen crater as volatility scares crowded carry trade
WILD swings in the Japanese yen and a vicious market selloff led speculative traders to pull back on bets for further weakness in the currency, according to the latest...
Hot ringgit trade gets another boost from foreign bond flows
THE Malaysian ringgit’s rally is luring global funds to buy more local bonds, giving a further boost to the emerging market ’s top-performing currency this quarter.Foreign investors poured RM5.5...
Maersk sees global trade disruptions lasting throughout 2024
THE global transport disruptions caused by the conflict in the Red Sea will last longer than expected and will not be solved this year, according to AP Moller-Maersk, a...
Big tech beats Bitcoin as unwinding Donald Trump trade weighs on token
BITCOIN missed out on a cross-asset rally stoked by dovish Federal Reserve comments as a tightening US election race casts doubt on whether Donald Trump will get the chance...
Great rotation trade sees investors dump AI giants for less obvious stocks
SIGNS that equity investors are getting cold feet over the rapid advances in artificial intelligence (AI) leaders have put a spotlight on some less obvious beneficiaries of the technology...
UK’s biggest investor LGIM ditches Trump trade on Biden drop out
LEGAL & General Investment Management (LGIM) is bailing on a bet that the Treasury curve will steepen, saying President Joe Biden’s exit from the US election race reduces the...
Commodity currencies struggle, carry trade churn helps yen, Swiss franc
COMMODITY currencies slid to multi-week lows on Wednesday (Jul 24) on weakening raw material prices, with the heaviest selling against the yen which surged to its highest in two...
Ether ETFs trade over US$1 billion in strong crypto-fund debut
THE first US exchange-traded funds (ETFs) that invest directly in Ether made strong debuts, with some seeing relatively high trading volumes for their opening sessions.Over US$1 billion shares were...
