YTE Blog

Last week, US government data beat all estimates when it reported that Non-Farm Payrolls rose by 243,000 in January. The official figures easily surpassed the 140,000 estimate by economists. Additionally, the unemployment rate came in at 8.3%, the lowest level in nearly 3 years. This also recorded ...

Last week, 2 major central banks slashed their interest rates by 25 basis points each. The Reserve Bank of Australia was the first to act, cutting rates from 4.75% to 4.5%. This was followed 2 days later by new ECB chief, Mario Draghi, who surprised everyone by cutting rates from 1.5% to 1.25%. Ra...

75.57 was the magic number for the Bank of Japan to step in. After weaks of jaw-boning the markets, the authorities finally intervened to weaken the currency for the third time this year. Finance Minister Jun Azumi told reporters yesterday, “I have said many times, if forex moves do not reflect the...