Croesus Treasury Management

Croesus Treasury Management Ltd devises bespoke treasury solutions to assist clients to take informed market decisions and achieve their execution objectives.

[Croesus Treasury Management @CroesusTM]

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Jobs market pick-up reflects that the US economy is on track towards recovery

[Croesus Treasury Management @CroesusTM]

The EU unveiled a massive plan to meet carbon emission goals by 2050. Petrol and diesel powered cars would phase out in roughly 20 years and jet fuel would be heavily taxed. EU Commission's Pres. Von der Leyen defended prompt decisive action for a healthier and better future.

[Croesus Treasury Management @CroesusTM]

US data due today includes initial and ongoing jobless claims and Philadelphia Fed manufacturing survey. The USD dollar index is currently trading at 92.34 with the greenback relatively maintaining its composure over Fed Powell’s serene sense of confidence about the US economy.

[Croesus Treasury Management @CroesusTM]

Treasury Secretary Yellen has recently commented that she is not in favour of pursuing bilateral talks with China. This statement reflects the gradual the escalation in the US-China relationship, especially regarding economic rivalry and geopolitical concerns.

[Croesus Treasury Management @CroesusTM]

Testifying in front of the Congress Monetary Policy Committee, Fed chair Powell mentioned that higher than expected inflation should be welcomed rather than shunned as it indicates that the US economy is on track towards recovery.

[Croesus Treasury Management @CroesusTM]

The Chinese economy is slowing down with a mere 7.9% growth in Q2 after a skyrocketing growth of 18.3% in Q1 this year.

https://t.co/G1jTlNQ8b1

[Croesus Treasury Management @CroesusTM]

President Biden is meeting President Putin in Geneva today. However, a joint press briefing is not in the natural order of things. Both leaders are expected to maintain façade cordiality, but could attempt to briefly touch sensitive ground to test the water.

[Croesus Treasury Management @CroesusTM]

Consumer Price Index data published today revealed that inflation surged by 2.1%, above the Bank of England’s target mark. Producer Price Index and Core PPI data also seem to suggest that the UK economy is moving in the right direction. The cable is currently trading at 1.4107.

[Croesus Treasury Management @CroesusTM]

Clarity about asset purchase tapering, inflation and near term monetary policy will arouse the interest of investors. The US dollar index is currently trading at 90.53 and the greenback remains bullish in anticipation of the FOMC meeting outcomes.

[Croesus Treasury Management @CroesusTM]

The market mover of the day is undoubtedly the FOMC meeting and the subsequent press briefing where Fed Chair Powell is expected to announce that interest rates have been maintained at near zero levels as the inflation curve is seemingly grows steeper than the employment curve.

[Croesus Treasury Management @CroesusTM]

Nowadays, analysts are trying to seek the correlation between high inflation and high treasury yields but the market is indeed experiencing the effects of the recovery under way especially as demand surges and unemployment recedes. But greenback remains bullish against peers.

[Croesus Treasury Management @CroesusTM]

Geopolitics 101: "Show me your friends and I'll tell you what you are"

https://t.co/6v5ptCs3ej

[Croesus Treasury Management @CroesusTM]

G7 finance ministers reach a major breakthrough regarding a global minimum tax rate of 15% to be levied on international businesses

https://t.co/95kjtlK0e4

[Reuters @Reuters]

Fed, OCC, FDIC in 'sprint' on regulation for crypto, Quarles says https://t.co/P5OY4EFeRb

[Croesus Treasury Management @CroesusTM]

Dovish Fed remarks and Middle East conflict are weighing on the greenback. The dollar index is on a downward slope, currently trading at 89.82. However, President Biden has now called for a ceasefire.

[Croesus Treasury Management @CroesusTM]

News that Moderna and Pfizer vaccines are effective against the Indian variant are contributing to the risk-on mood, favouring euro bulls. The economic calendar features Q1 GDP which is expected to remain unchanged at -0.6%, trade balance, the EcoFin meeting and employment change

[Croesus Treasury Management @CroesusTM]

The Japanese economy contracted by 5.1% in Q1 2021 after a confinement-induced slowdown and investment levels have also reportedly fallen. The ninja is currently trading at 109.07 dragged down by the weakening greenback.

[Croesus Treasury Management @CroesusTM]

https://t.co/kQe3JI89lV
US yearly inflation surged to 4.2% in April which is its highest rise since 2008, triggering a meltdown in the equity market and the strengthening of the greenback as the fiber dips to 1.2070

[Croesus Treasury Management @CroesusTM]

Equities stumble as Treasury Secretary Yellen suggests a raise in interest rates

https://t.co/ubPDUVlmRG

[Croesus Treasury Management @CroesusTM]

G20 finance officials discuss plans for a global minimum tax rate targeting Tech giants. If adopted, such a plan could have ramifications for the financial services industry in Mauritius.
https://t.co/pjcP93s7Hw