Microsoft expands in Asia

Source: Dukascopy Bank SA
Tech giant Microsoft has expanded in South East Asia by opening a regional data centre in Thailand. The new data centre is the first one of its kind in the region.
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Wed, 01 May 2024 18:09:34 GMT

US Federal Reserve announces Fed Funds Rate

US monetary policy makers, who decide upon the supply of the US Dollar, have just announced the Federal Funds Rate. The rate is used as a base rate for all USD denominated debt. The Fed has kept the interest rate unchanged at 5.50%, as the financial markets expected.

Mon, 06 May 2024 09:30:04 GMT

Bank of Japan fails to prop up the Yen

The comments done by Bank of Japan about monetary tightening and the intervention in the markets done last week have failed, as the Yen has continued to lose value. The markets are aware that the Bank of Japan cannot reach its inflation target without a decline in the national currency.

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