Rupee May be Tested as RBI Unwinds Bearish Dollar Bets
Short dollar forward positions ballooned to $106.7 billion in May.
Short dollar forward positions ballooned to $106.7 billion in May.
U.S. investors are about to get another straightforward way to play the red-hot market for memory chips.
Some strategists see a boost to assets, while others were sceptical of a sustained rally, following Finance Minister Satsuki Katayama’s comments Friday encouraging pension funds, including the massive Government Pension Investment Fund, to increase investment in domestic financial assets. Here’s what strategists are saying:
Copper was on track for its second straight weekly gain as investors looked past potential demand headwinds presented by the mid-week resurgence in fighting in the Middle East.
SK Hynix Inc. raised $26.5 billion in its American depositary share offering, the largest ever US first-time share sale by a foreign company. Futurum Semiconductors, Supply Chain & Emerging Tech Research Director Brendan Burke shares his insights. (Source: Bloomberg)
Japan’s long-term bond yields fell and the yen strengthened after Finance Minister Satsuki Katayama said the government wants to encourage pension funds, including the Government Pension Investment Fund, to increase investment in domestic financial assets.