FX Market’s Biggest Short Bet Squeezed by Canadian Dollar Rally
  • August 23, 2024

FX Market’s Biggest Short Bet Squeezed by Canadian Dollar Rally

(Bloomberg) -- Traders are mostly sticking to their near-record wagers against the loonie, betting that a rapidly slowing Canadian economy and a dovish central bank will deepen the currency’s 2024 decline. Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CitySydney Central Train Station Is Now an Architectural DestinationWith Housing Costs High, Democrats Hone YIMBY MessageWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkUK Transport Min

Jerome Powell’s Pivot Fuels an All-Conquering Wall Street Rally
  • August 23, 2024

Jerome Powell’s Pivot Fuels an All-Conquering Wall Street Rally

(Bloomberg) -- Jerome Powell’s most decisive signal yet that his inflation-fighting mission has been accomplished has helped restore order to markets that only three weeks ago were engulfed in the worst upheaval since the pandemic.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CitySydney Central Train Station Is Now an Architectural DestinationWith Housing Costs High, Democrats Hone YIMBY MessageWith Self-Driving Vans, Hamburg Tries to Make Microtra