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US dollar rises slightly as markets prepare for PCE data
The US Dollar Index (DXY) is around 104.20 and is trading with slight gains against its rivals on Tuesday. After the durable goods and housing market data, the dollar remains stable while the markets wait for new drivers to continue betting on the next decisions of the Federal Reserve (Fed). The US economy is on…
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Restarting trade with India remains elusive
Foreign Minister Ishaq Dar, speaking at a press conference in London on Saturday, indicated that Pakistan would seriously consider restoring trade ties with India, echoing sentiments expressed by the business and trade community within the country. Pakistan suspended bilateral trade as part of a series of measures in reaction to the Indian government’s unilateral move…
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US leveraged loan trading revenue rebounds in 2023 despite rising interest rates
Revenue from leveraged loan transactions exceeded $900 million in 2023, up 16% from 2021 and 29% from 2022, according to a new report from Coalition Greenwich. Over the past three years, leveraged loan markets have experienced changes in income, as seen in fixed income markets; However, research shows that the largely floating rate market managed…
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