Australia’s services PMI slows to 51.9 as job cuts return and price pressures build
Australia's services PMI eased to 51.9 in September from 53.2, a three-month low, as firms cut staff for the first…
Forex News
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Iran’s Rial Hits Fresh Low as $2 Billion Intervention Fails to Stem Slide
Iran's rial weakened further on Saturday even after the central bank moved to sell up to $2 billion to defend…
Hedge Funds’ $1.2 Trillion Treasury Basis Trade Depends on Overnight Repo Loans
Hedge funds have built a $1.2 trillion position exploiting tiny pricing gaps between Treasury bonds and futures, funded mostly with…
Bessent says rising Treasury yields reflect global trend, not a U.S.-specific risk
Treasury Secretary Scott Bessent said rising Treasury yields reflect a broader global increase in borrowing costs rather than a problem…
Soft September Jobs Report Pushes Fed Toward October Pause, but Yields and Dollar Hold Firm
September's nonfarm payrolls report came in far below expectations, pushing the odds of an October Fed pause to 77.9%. Yet…
