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We thank Neil Shah and Tarun Pathak from Counterpoint Research for sharing the cell phone data and providing important insights about the market. We thank Jeronimo Callejas for sharing the GSMA Intelligence data. We thank the participants in numerous seminars and conferences for their valuable comments. The authors declare that they have no additional relevant…
NZD/USD holds just beneath 0.5950 on Thursday, unchanged on the session across a range of twenty-two pips and some forty-five pips under the window high just short of 0.6000 set in early June. The pair sits close to ninety pips above a rising 50-day Exponential Moving Average (EMA) near 0.5850, with the 200-day a shade…
The US 10-year Treasury yield declines sharply on Wednesday, trading at 4.651% at the time of writing after reaching an intraday high of 4.712%. The move follows a surprise announcement from the United States (US) Department of the Treasury that it will double the size of its liquidity-support buyback operations for longer-dated securities. The US…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. August 19, 2026 Minutes of the Federal Open Market Committee, July 28–29, 2026 For release at 2:00 p.m. EDT The Federal Reserve on Wednesday released the minutes of…
en English Economics Jul 13, 2026 Desmond Lachman Japan’s deepening currency and bond-market woes should be a wake-up call for other countries that appear to be on unsustainable fiscal paths, not least the United States, as well as France, Italy, and…
