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Equities: Record allocation sustains Dollar exposure – BNY

Geoff Yu at BNY reports that global equity allocations have reached a record share of portfolios, with United States (US) markets dominating both equity and fixed-income holdings. Yu sees recent Dollar-selling from equi…

Why is Bureau Veritas stock rising sharply today?

This Monday, March 2, the Paris Stock Exchange begins the week in a climate of strong tension. At 10:17 AM, the CAC 40 drops 1.93% to 8,415.02 points, in a session marked by a dramatic imbalance: 36 stocks are down, onl…

Canadian Dollar gains as oil prices rebound

USD/CAD extends its losses for the second consecutive day, trading around 1.4090 during the European hours on Wednesday. The pair loses ground as the Canadian Dollar (CAD) gains on higher oil prices, which have rebounde…

US Dollar: Long positioning faces FOMC risk – DBS

DBS Bank’s Philip Wee notes that Dollar bulls have built substantial long USD positions ahead of the FOMC, encouraged by Brent’s sharp rebound and expectations of a surprise rate hike by Chairman Kevin Warsh. However, h…

Indonesian Rupiah gains as Fed uncertainty weighs on US Dollar

USD/IDR depreciates after two days of gains, trading around 18,120 during the Asian hours on Wednesday. However, the pair has lost ground as the US Dollar (USD) struggles ahead of the Federal Reserve’s (Fed) upcoming po…

Iran's IRGC confirms striking US base in Jordan

In European trade on Wednesday, the Iranian Islamic Revolutionary Guard Corps (IRGC) announces that it fired several ballistic missiles at a United States (US) air base and the military Central Command (CENTCOM) center …