EUR/USD
1.17694
0.285%
Gold
3679.06
0.959%
Oil
63.068
1.293%
USD/JPY
147.271
-0.209%
GBP/USD
1.36045
0.320%
GBP/JPY
200.360
0.108%
Real-time News
On September 16th, Deutsche Banks analysis of ETFs revealed that overseas investors are significantly reducing their dollar exposure at an "unprecedented rate" by using currency hedging when purchasing U.S. stocks and bonds. Citing data from over 500 funds, George Saravelos, the banks global head of FX research, noted that for the first time this decade, inflows into dollar-hedged ETFs buying U.S. assets have exceeded inflows into non-hedged funds. Saravelos believes this hedging behavior explains why the dollar has remained weak even as international investors poured money back into U.S. assets after Trumps tariffs disrupted markets earlier this year. At the time, there was speculation that trade war risks could dampen investor interest in U.S. stocks, bonds, and the dollar itself. Saravelos wrote: "The FX implication is clear: foreign investors may have returned to U.S. assets (albeit at a slower pace), but they are not willing to take on the dollar exposure that comes with it. For every dollar-hedged asset purchased, an equal amount of currency is sold to eliminate the FX risk."On September 16, the British government announced that Royal Air Force fighter jets will carry out air defense missions over Poland. The British Ministry of Defense stated that British fighter jets will join allied forces from Denmark, France and Germany to strengthen NATOs defense capabilities.On September 16th, the Swiss Federal Institute of Technology in Lausanne (EPFL), the Swiss Federal Institute of Technology in Zurich (ETH Zurich), and the Swiss National Supercomputing Center (CSCS) jointly released a large-scale open-source language model called Apertus. Apertus, meaning "open" in Latin, truly takes openness to its extremes. While major American models like OpenAIs GPT series, Metas Llama, and Anthropics Claude still play with "data black box" magic, Apertus makes its entirety, from model weights and architecture to training code, data recipes, and even complete training process documentation, completely public, without any hidden secrets.French Central Bank Governor François Villeroy de Villeroy: France should continue to maintain its deficit target at 3% in 2029.French Bank Governor Villeroy de Villeroy: The former Prime Ministers budget plan can be improved in terms of tax fairness.
