Fed announces rate hike by 75 basis points
The U.S. Federal Reserve announced on June 15, local time, that it would raise the benchmark interest rate by 75 basis points to an annual level of 1.5-1.75%. This is the largest rate hike by the Fed since 1994. On…
Deutsche Bank: Japan’s financial markets on the brink of systemic collapse
Deutsche Bank warned that the Bank of Japan’s bond-buying policy to achieve its yield curve control (YCC) target could cause financial markets “dramatic , unpredictable nonlinear” fluctuations, and the yen completely lost its fundamental valuation anchor, and the Japanese financial…
Russian ruble surges 200% against dollar
It has plummeted by about 50% and rebounded by nearly 200%. Since the beginning of this year, the exchange rate of the Russian ruble against the US dollar has been on a “V”-shaped roller coaster. It took just over two…
International oil prices turn from rising to falling
As investors took profits after oil prices rose, international crude oil futures prices rose in the overnight market. On the 6th, intraday fluctuations weakened and turned from up to down. At the close, international oil prices fell. The analysis pointed…