GBBEF News and Press, iPath Goldman Sachs GBP/USD Exchange Rate ETN From 05/02/24

2024-05-02 07:00:00 ET Summary It appears that with the market challenging Monday's intervention, Japanese officials entered the market shortly after the US equity market closed yesterday, as the Asia Pacific session go underway and sold dollars again. The offshore yuan is trading...

2024-05-01 06:50:00 ET Summary The BOJ projected yesterday that commercial banks' deposits with it likely dropped by JPY7.56 trillion. The dollar gradually edged higher yesterday, and by the end of the North American session, it had recovered more than half of the intervention-ins...

2024-04-28 04:30:00 ET Summary The backing up of US rates did not lift the dollar broadly as it appeared to have done previously. The Bank of Japan had an opportunity to have protested the yen's weakness more adamantly but did not do so. The FOMC meeting concludes a couple of ...

2024-04-12 06:15:00 ET Summary The continued robust US jobs growth and above-trend growth allow the Federal Reserve to remain focused on inflation. Fed Chair Powell has drawn attention to the core services excluding housing, and it rose at around an 8% annualized pace in Q1. F...

2024-04-11 08:05:00 ET Summary The market appears to be catching its proverbial breath today, but the shallow consolidation suggests the moves are not over. The dollar has reached nearly JPY153.30, and although Japanese officials cautioned about the FX moves, intervention while Pr...

2024-04-10 07:00:00 ET Summary Given the backup of US rates and the stronger-than-expected jobs growth, the greenback's performance has been unimpressive. The Hang Seng (1.85%) and the mainland companies that trade there (2.06%) led the region. Benchmark 10-year yields are mos...

2024-04-09 08:15:00 ET Summary The dollar is trading with a softer bias in mostly narrow ranges against the G10 currencies. Most of the large Asia Pacific equity markets rallied, led by a 1.85% gain in Taiwan and a 1.1% advance by the Nikkei. The dollar's high against the yen ...

2024-04-08 08:00:00 ET Summary The jump in US rates after the employment report failed to ignite a sustained rally in the dollar and this has shaken the market's near-term confidence. Japan's labor earnings rose by 1.8% year-over-year in February after the 2.0% pace in January was...

2024-04-06 08:40:00 ET Summary The March US employment data were stronger than expected and lend support to the re-acceleration hypothesis and an extension of US exceptionalism. The week ahead features the US inflation gauges, the European Central Bank, and the Bank of Canada meet...

2024-04-05 07:40:00 ET Summary It seemed that it was the dramatic reversal in US equities that helped drag global shares down today, that forced US rates lower. Asia Pacific equities tumbled, led by more than 1% losses in Japan and South Korea. The 10-year Treasury yield is up...