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The dollar experienced volatility following a disappointing U.S. jobs report and President Trump's controversial actions, including the dismissal of a labor official. These events fueled speculation of imminent Federal Reserve rate cuts, impacting Treasury yields and currency valuations. While the dollar recovered slightly against the yen, markets anticipate a more dovish stance from the Fed in the coming months.
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News and Media
The Reserve Bank of India (RBI) reduced the repo rate by 100 basis points between February and June 2025, bringing it down to 5.5%. Banks responded with a 58 bps drop in the weighted average lending rate (WALR) on fresh loans in June, reaching 8.62%.
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News and Media
Amidst escalating trade tensions initiated by the US, European corporations are strategically diversifying their banking relationships, shifting away from Wall Street giants. This shift has proven beneficial for leading European banks, which are actively securing additional business.
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News and Media
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