The Japanese yen has strengthened about 6% against the dollar since late July, driven by Bank of Japan intervention and expectations of rate hikes. This has made the yen less attractive for carry trades, where investors borrow in low-yield currencies to invest in higher-yield ones. As a result, traders are eyeing the Chinese yuan and Canadian dollar as alternative funding currencies. The yuan benefits from growing offshore bond issuance, while the Canadian dollar's carry-to-volatility ratio is becoming comparable to the yen's. The Bank of Japan is expected to raise rates this week, but Japanese rates will remain low compared to global peers, so the yen carry trade may not disappear entirely.
Chery Auto will showcase its purpose-built Level 4 (L4) Robotaxi at the 2026 Chery International User Summit and sign a strategic cooperation agreement with UAE-based K2. The Robotaxi offers a fully driverless passenger experience from booking to rid...
AiMOGA Robotics, a Chery brand, unveiled Mobo, its first consumer-grade humanoid robot designed for home companionship, at the 2026 Chery International User Summit. Powered by AiMOGA's proprietary AI system MoAgent, Mobo can interpret complex command...
AiMOGA Robotics, a Chery brand, unveiled Mobo, its first consumer humanoid robot designed for home companionship, at the 2026 Chery International User Summit. Mobo uses advanced AI to understand complex commands, navigate home environments, and remem...
AiMOGA Robotics, a Chery brand, will debut Mobo, its first consumer-grade humanoid robot designed as a home companion, at the 2026 Chery International User Summit in Wuhu, China. Mobo features advanced AI for understanding complex commands, spatial a...
AiMOGA Robotics, a brand under Chery, introduced Mobo, its first consumer-grade humanoid robot designed as a family companion, at the 2026 Chery International User Summit. Mobo operates with AiMOGA's proprietary MoAgent AI, enabling it to understand ...
