On Monday, the Japanese yen’s decline against the U.S. dollar was pronounced, plummeting to its lowest point in 34 years. Briefly, the currency breached the 160 yen per dollar mark, a threshold not seen since 1990, before clawing back some ground. As the Asian trading day drew to a close, it settled around 155 yen […]
Amidst escalating tension in the Middle East, Israeli Defense Minister Yoav Gallant announced on Monday that Israeli military forces are on the verge of completing the most intense phase of combat against Hamas in the Gaza Strip. Advancements and Challenges Gallant revealed that the intense combat phase in the northern part of Gaza has concluded, […]
Amidst escalating tensions in the Red Sea, the US and UK have initiated airstrikes to counter Iran-backed Houthi rebels. Notably absent from direct involvement is China, the world’s second-largest economy, strategically positioned on the sidelines. Economic Stakes and Cautious Calculations Despite significant economic interests, with China importing half of its crude oil from the Middle […]
Home sales in Canada experienced a significant rebound in December, breaking a six-month downward trend. On Monday, the Canadian Real Estate Association reported an 8.7% rise in home transactions from the previous month. This marks the first positive movement since June. Prospect of Lower Borrowing Costs The prospect of lower borrowing costs encourages buyers, who […]