The US Dollar Index (DXY) trades within a volatile range on Friday as a sparse US economic calendar leaves traders watching developments in the Middle East after renewed hostilities between the United States (US) and Iran this week. Even so, the latest flare-up has provided only limited support, with the DXY set to finish the…
Canada’s financial system has functioned well through a challenging year. Households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system, and a more turbulent global environment poses risks to financial stability.
Global stock markets have been under pressure as geopolitical tensions have resurfaced in the Middle East. Moreover, investors remain concerned about the sustainability of AI-driven demand and infrastructure spending. Nonetheless, those looking for attractive stock picks amid the ongoing volatility can gain key insights by tracking the recommendations of top Wall Street analysts. These experts…
Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed
Why staying in your longtime home requires more planning than you think.
We are grateful to Princeton and Stanford Universities for research support. We thank Pol Antràs, Arnaud Costinot, Elhanan Helpman, Oleg Itskhoki, Matteo Maggiori, Andrés Rodríguez-Clare, Diana Van Patten, Ludwig Straub, Mathieu Taschereau-Dumouchel, and participants at the CEPR Trade Wars and De-dollarization conference, CEPR Geoeconomics conference, CEPR Erwit Conference, Global Economic Networks (GEN) Workshop, Cowles Foundation…
Commerzbank analysts highlight that China’s June Consumer Price Index (CPI) slowed to 1.0% year-on-year while Producer Price Index (PPI) rose 4.1%, widening the PPI-CPI gap and squeezing downstream margins. The PBoC acknowledged “structural divergence” between high-tech strength and weak consumption. Despite this backdrop, USD/CNY and USD/CNH both fell, reflecting some currency strength even as domestic…
The artificial intelligence (AI) revolution turned Nvidia (NVDA +3.90%) into a household name virtually overnight. Since the public launch of ChatGPT in late November 2022, Nvidia stock has risen by 1,100% — making the company the most valuable business in the world. However, 2026 has been an entirely different story. Shares of the semiconductor darling…
As foreign aid declines, policymakers in lower-income countries must increasingly focus on making better use of scarce resources. When it comes to maternal mortality, that means investing in simple, proven, and affordable interventions for postpartum hemorrhage, pre-eclampsia, and obstructed labor. SILVER SPRING—In early June, Melinda French Gates pledged $215 million to improve women’s health…
MUFG’s Lloyd Chan notes Bank Negara Malaysia (BNM) kept the Overnight Policy Rate (OPR) at 2.75% and expects it to stay on hold through 2026, with domestic fundamentals described as broadly supportive. Recent Malaysian Ringgit (MYR) weakness has stayed below 4.15 against the US Dollar (USD), and Chan expects USD/MYR to trade broadly within a…