
Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets opened mostly lower on Wednesday as investors digest the latest comments from U.S. Federal Reserve Chair Jerome Powell. Powell said Tuesday that the central […]
Read MoreHedge funds are starting to bet against the Swiss franc and are using the currency to finance purchases of the higher-yielding British pound in a trade driven by diverging central bank policies. The move is a classic “carry trade,” a strategy where investors borrow in a currency with low interest rates to buy a currency […]
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