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Yen breaks above 145/$ level in choppy trading, dollar firm  The yen was volatile on Monday after slipping to its lowest for the year against the dollar, breaching the key 145 level as traders warily looked for clues on possible intervention, while the dollar rose to touch a more than one month high. The Japanese yen weakened to as low as 145.22 per dollar in early Asian hours, its lowest since Nov. 10 2022 before quickly reversing course. It was last at 144.96 per dollar, flat on the day. Japan's low yields have made the currency an ea...
Yen breaks above 145/$ level in choppy trading, dollar firm
Yen breaks above 145/$ level in choppy trading, dollar firm
Source: Reuters
14/08/2023 9:21:27 AM
Asia suffers China blues; dollar hits 2023 top on yen Asian shares struggled on Monday ahead of China data that is likely to amplify the case for serious stimulus even as Beijing seems deaf to the calls, while rising Treasury yields lifted the dollar to a 2023 peak on the embattled yen. Geopolitics was an added worry after a Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea, heralding a new stage of the war that could impact on oil and food prices. MSCI's broadest index of Asia-Pacific shares o...
Asia suffers China blues; dollar hits 2023 top on yen
Asia suffers China blues; dollar hits 2023 top on yen
Source: Reuters
14/08/2023 8:46:03 AM
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB The yen continued its steep descent on Tuesday, reaching a 15-year low to the euro, as the implications of a steadfastly dovish Bank of Japan kept foreign exchange markets busy engaging in so called 'carry-trades'. The Aussie dollar kept near the middle of its recent trading range with the greenback ahead of the Reserve Bank of Australia's (RBA) policy decision at 0430 GMT, with money markets positioned for a second meeting with no change. However, there remains a risk of anoth...
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB
Source: Reuters
2/05/2023 9:10:08 AM
Dollar headed for monthly loss; yen steady ahead of BOJ decision The U.S. dollar was on track for a second straight monthly loss on Friday on mounting expectations the Federal Reserve could soon end its aggressive rate-hike cycle, while the yen steadied near a one-week high ahead of a pivotal central bank decision. The Bank of Japan's (BOJ) monetary policy decision on Friday takes centre stage in Asia, where expectations are for new BOJ Governor Kazuo Ueda to keep monetary settings ultra-loose at his debut policy meeting. Focus will also be on Ue...
Dollar headed for monthly loss; yen steady ahead of BOJ decision
Dollar headed for monthly loss; yen steady ahead of BOJ decision
Source: Reuters
28/04/2023 8:53:47 AM
Dollar, yen buoyed as US banking sector fears put safe-havens back in vogue The U.S. dollar and the yen, both safe haven assets, were mostly steady after spiking higher overnight as renewed concerns over the U.S. banking sector and economy dented risk sentiment. The dollar index, which measures the currency against six major rivals, nudged 0.01% higher to 101.80 following a 0.5% increase overnight. The index is down 0.76% for the month. Shares of First Republic Bank slid nearly 50% on Tuesday after it reported a more than $100 billion plunge in deposits in the ...
Dollar, yen buoyed as US banking sector fears put safe-havens back in vogue
Dollar, yen buoyed as US banking sector fears put safe-havens back in vogue
Source: Reuters
26/04/2023 8:50:47 AM
Safe-haven yen rises as investors assess Credit Suisse rescue Japan's yen climbed on Monday as investors reacted nervously to UBS' cut-price takeover of its beleaguered rival Credit Suisse. Under the deal, holders of $17 billion of Credit Suisse Additional Tier-1 (AT1) bonds will be wiped out. That angered some of the holders of the debt, who thought they would be better protected than shareholders, and unnerved investors in other banks' AT1 bonds. The yen - long seen as a safe haven at times of stress - rallied as a fall in Asian bank...
Safe-haven yen rises as investors assess Credit Suisse rescue
Safe-haven yen rises as investors assess Credit Suisse rescue
Source: Reuters
20/03/2023 5:48:55 PM
Dollar muted as growth concerns mount, yen retreats  The U.S. dollar loitered around its seven-month lows on Friday as fears of an economic slowdown dented risk appetite, while the yen eased even as speculation swirls that the Bank of Japan (BOJ) will eventually move away from its ultra-easy policy. The dollar index, which measures the U.S. currency against six peers, rose 0.098% to 102.12, not far off the seven-month low of 101.51 it touched on Wednesday. The index is down 1.3% this year after sinking 7.7% in the last three months ...
Dollar muted as growth concerns mount, yen retreats
Dollar muted as growth concerns mount, yen retreats
Source: Reuters
20/01/2023 12:29:21 PM
Yen drops as BOJ sticks to ultra-easy policy, sterling hits 1-mth high The yen dropped against major currencies on Wednesday after the Bank of Japan maintained ultra-low interest rates, disappointing some investors who had hoped the central bank would relax its yield curve control policy further. The central bank stunned the market last month by raising its cap on the 10-year yield to 0.5% from 0.25%, doubling the band it would permit above or below its target of zero. Since then, speculation had swirled that the BOJ could tweak its yield curve control (YCC) ...
Yen drops as BOJ sticks to ultra-easy policy, sterling hits 1-mth high
Yen drops as BOJ sticks to ultra-easy policy, sterling hits 1-mth high
Source: Reuters
17/01/2023 9:36:07 AM
Shares rise, yen climbs as BOJ battles bond bears Shares firmed on Monday as optimism over corporate earnings and China's reopening offset concerns the Bank of Japan (BOJ) might temper its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S. markets made for thin trading. The yen climbed to its highest since May after rumours swirled the BOJ might hold an emergency meeting on Monday as it struggles to defend its new yield ceiling in the face of massive selling. That had local markets in an anxious moo...
Shares rise, yen climbs as BOJ battles bond bears
Shares rise, yen climbs as BOJ battles bond bears
Source: Reuters
16/01/2023 8:37:42 AM
Indian economy likely to grow at over 7% in current fiscal year: Arvind Panagariya Expressing optimism over India’s economic situation, former Niti Aayog vice chairman Arvind Panagariya has said that the Indian economy is likely to grow at over 7 per cent in the current fiscal year, and he added that the growth rate should sustain next year too provided the forthcoming Budget does not have any negative surprises. He further said recessionary fears have been around for a while but so far neither the US nor the EU has gone into recession. He said ‘From the viewpoi...
Indian economy likely to grow at over 7% in current fiscal year: Arvind Panagariya
Indian economy likely to grow at over 7% in current fiscal year: Arvind Panagariya
Source: Accord Fintech
22/12/2022 11:20:31 AM
Yen rises, underpinned by BOJ policy tweak; dollar retreats The yen firmed on Thursday, returning towards a four-month peak against the dollar hit earlier in the week after the Bank of Japan's surprise tweak to its bond yield control spurred bullish yen bets, while the dollar moved broadly lower. The yen rose about 0.5% to 131.85 per dollar, after surging to a four-month high of 130.58 on Tuesday in the aftermath of the BOJ's decision to allow the 10-year bond yield to move 50 basis points either side of its 0% target, wider than the previo...
Yen rises, underpinned by BOJ policy tweak; dollar retreats
Yen rises, underpinned by BOJ policy tweak; dollar retreats
Source: Reuters
22/12/2022 8:58:57 AM
Global shares rise, but face patchiest yearly performance since 2008 Global shares rose on Wednesday, regaining some stability after the Bank of Japan rocked markets with a surprise decision to loosen its tight leash on government bond yields, pushing the yen to its biggest one-day gain against the dollar in 24 years. The MSCI All-World index rose 0.1% on the day, although it is on track for a 4.4% decline in December. This year, the index is set to have fallen for eight out of 12 months, on a par only with 2008 for the number of monthly losses in a calenda...
Global shares rise, but face patchiest yearly performance since 2008
Global shares rise, but face patchiest yearly performance since 2008
Source: Reuters
21/12/2022 8:28:51 PM
Yen holds on to gains as traders digest BOJ surprise policy tweak The yen eased a bit on Wednesday but held on to most of its overnight gains against the dollar as traders contemplated the shock Tuesday move by the Bank of Japan to adjust its control of bond yields, a slight move away from its ultra-easy monetary policy. The BOJ decided to let long-term yields move 50 basis points either side of its 0% target, wider than the 25 basis point band previously imposed, even as it kept broad policy settings unchanged. On Wednesday, the yen weakened 0.34% ve...
Yen holds on to gains as traders digest BOJ surprise policy tweak
Yen holds on to gains as traders digest BOJ surprise policy tweak
Source: Reuters
21/12/2022 8:58:07 AM
Yen soars to 4-month peak after surprise BOJ policy tweak The yen surged to a four-month peak against the dollar on Tuesday after the Bank of Japan said it would review its yield curve control policy and widened the trading band for the 10-year government bond yield in an unexpected tweak. While it kept broad policy settings unchanged - pinning short-term JGB yields at -0.1% and the 10-year yield around zero - it widened the allowable band for long-term yields to 50 basis points either side of that, from 25 basis points previously. The dollar ...
Yen soars to 4-month peak after surprise BOJ policy tweak
Yen soars to 4-month peak after surprise BOJ policy tweak
Source: Reuters
20/12/2022 9:06:52 AM
Dollar slips as markets bounce, Japan policy shift talk lifts yen The U.S. dollar slipped on Monday as a pick-up in market sentiment drove stocks and riskier currencies higher, while the yen gained on reports that Japan will consider revising a decade-old blueprint for fighting deflation. The dollar index - which tracks the greenback against a basket of six major currencies - fell 0.4% to 104.410, reversing some of its gains from the previous week after the U.S. Federal Reserve and European Central Bank hiked rates. A rebound in risk sentiment across ...
Dollar slips as markets bounce, Japan policy shift talk lifts yen
Dollar slips as markets bounce, Japan policy shift talk lifts yen
Source: Reuters
19/12/2022 9:05:04 AM
Dollar wallows at six-month lows ahead of last Fed meeting of 2022 The dollar traded at its lowest in six months against the euro and pound on Wednesday after data showed U.S. inflation is cooling off, which investors believe gives the Federal Reserve room to slow the pace of future rate hikes. After raising interest rates by 75 basis points at four successive meetings, the U.S. central bank is widely expected to deliver a 50 bp increase later in the day. Traders will then turn their focus to Thursday meetings of the Bank of England and the European Centr...
Dollar wallows at six-month lows ahead of last Fed meeting of 2022
Dollar wallows at six-month lows ahead of last Fed meeting of 2022
Source: Reuters
14/12/2022 8:29:38 PM
Dollar dips ahead of US inflation data, Fed meeting next week The dollar edged lower against major currencies on Friday as concerns resurfaced about the health of the U.S. economy, and ahead of producer inflation data later in the day and a Federal Reserve meeting on interest rates next week. After a lull in market-moving news, investors are looking towards rate decisions next week - including from the Fed, the European Central Bank and the Bank of England. Markets are betting all three will slow the pace of their rate hikes, with 0.5 percentage p...
Dollar dips ahead of US inflation data, Fed meeting next week
Dollar dips ahead of US inflation data, Fed meeting next week
Source: Reuters
9/12/2022 8:47:58 PM
Dollar jumps as strong jobs number spurs hawkish Fed bets The dollar jumped in line with U.S. Treasury yields on Friday after data showed that U.S. employers added more jobs than expected in November, potentially giving the Federal Reserve more incentive to raise interest rates. Employers added 263,000 jobs in November, well above estimates of 200,000. Average hourly earnings jumped by 0.6% in the month, above expectations for a 0.3% gain. The dollar index was last up 0.64% on the day against a basket of currencies at 105.31, and the greenback...
Dollar jumps as strong jobs number spurs hawkish Fed bets
Dollar jumps as strong jobs number spurs hawkish Fed bets
Source: Reuters
2/12/2022 7:51:36 PM
World stocks on back foot as China COVID cases rise World stocks and oil prices fell on Monday as fresh COVID-19 curbs in China fuelled worries over the global economic outlook. The safe-haven dollar rallied, while the U.S. Treasury yield curve remained deeply inverted in a sign that investors remain alert to global recession risks. Coronavirus outbreaks across China are a setback to hopes for an easing of strict pandemic restrictions, one factor cited for a 10% slide in oil prices last week and Monday's lacklustre opening in Europea...
World stocks on back foot as China COVID cases rise
World stocks on back foot as China COVID cases rise
Source: Reuters
21/11/2022 8:13:44 PM
Dollar gains as U.S. spending points to rate hikes; Aussie tumbles The dollar rebounded on Thursday as strong U.S. retail data cast doubt on the recent narrative that inflation is in retreat and U.S. interest rates need not rise too much further. The risk-sensitive Aussie tumbled as Hong Kong's Hang Seng led a tech-driven slide in Asian equities. U.S. data overnight showed October retail sales rose 1.3%, compared with economist expectations for 1.0%, a healthy signal but one that dented hopes for a pause in rate increases. "Markets have pos...
Dollar gains as U.S. spending points to rate hikes; Aussie tumbles
Dollar gains as U.S. spending points to rate hikes; Aussie tumbles
Source: Reuters
17/11/2022 9:13:36 AM
Currency trading in a spin after Polish explosion Trading in the dollar and the euro was volatile on Tuesday, with both currencies trading below their session highs as investors tried to interpret reports that stray Russian missiles may have hit NATO member Poland, killing two people. The euro had lost ground sharply against the safe-haven dollar while equities pared gains after the Poland reports fueled fears that the nine-month war between Russia and Ukraine could escalate. Firefighters said two people were killed in an explosion in ...
Currency trading in a spin after Polish explosion
Currency trading in a spin after Polish explosion
Source: Reuters
16/11/2022 9:10:35 AM
Dollar rebounds as Fed officials say hikes to continue; yen slumps The U.S. dollar climbed versus the yen and stayed firm against other major peers on Tuesday as more Federal Reserve officials made the case for even tighter U.S. monetary policy. The greenback edged up against sterling and hovered more than 1% above its two-month trough to the euro after Fed Vice Chair Lael Brainard on Monday echoed weekend comments by Fed Governor Christopher Waller that interest rates need to keep rising to battle inflation, although potentially at a slower pace. The ...
Dollar rebounds as Fed officials say hikes to continue; yen slumps
Dollar rebounds as Fed officials say hikes to continue; yen slumps
Source: Reuters
15/11/2022 12:19:42 PM
U.S. dollar surges as traders say markets overreacted to U.S. inflation data The U.S. dollar rose against the euro and sterling on Monday, after sliding to multi-month lows, as expectations of a less aggressive Federal Reserve interest rate hike faded with traders saying market overreacted to a modest miss on U.S. inflation. Last week, the dollar index fell 4%, marking its worst week in more than two and half years, after data showing U.S. consumer prices rose less than expected in October, rising bets the Fed would scale back its hefty interest rate hikes. But ...
U.S. dollar surges as traders say markets overreacted to U.S. inflation data
U.S. dollar surges as traders say markets overreacted to U.S. inflation data
Source: Reuters
14/11/2022 8:06:42 PM
Dollar falls as Fed decision looms, yen and real gain  The dollar slipped on Wednesday as investors awaited a Federal Reserve policy decision amid speculation it might indicate a slowdown in future rate hikes. The central bank will release its policy statement at 2 p.m. EDT (1800 GMT), with investors widely expecting a 75 basis points (bps) rate hike, the fourth such increase in a row. But for the December meeting, the futures market is split on the odds of a 75- or 50-bps increase. The dollar index - which gauges the greenback aga...
Dollar falls as Fed decision looms, yen and real gain
Dollar falls as Fed decision looms, yen and real gain
Source: Reuters
2/11/2022 8:49:41 AM
Dollar up as data suggests Fed hawks will stay in control; yen fragile The dollar advanced on Monday after strong consumer spending data pointed to persistent underlying inflation pressure, cooling bets that the U.S. Federal Reserve could signal a slowdown in its aggressive monetary policy tightening campaign. The greenback moved broadly higher in Asia trade, particularly against the Japanese yen, rising more than 0.5% and pushing above the 148 yen level. The yen last traded 148.08 per dollar, further pressured by the Bank of Japan's (BOJ) decision to ...
Dollar up as data suggests Fed hawks will stay in control; yen fragile
Dollar up as data suggests Fed hawks will stay in control; yen fragile
Source: Reuters
31/10/2022 9:24:05 AM
Tech wipeout woes offset central bank pivot hopes LONDON  - World share markets slipped for a second day running on Friday as a near $1 trillion weekly wipeout in top tech stocks outweighed hopes of a slowdown in Fed and ECB rate rises and news that the U.S. economy is not in recession. s and Wall Street futures [.N]were both 0.5% lower as Thursday's weak forecasts froEuropean sharem Amazon and Apple [.N] sent Europe's tech sector down more than 2% and the prospect of renewed COVID curbs in China hit mining and oil firms. ...
Tech wipeout woes offset central bank pivot hopes
Tech wipeout woes offset central bank pivot hopes
Source: Reuters
28/10/2022 7:29:09 PM
Rupee seeks respite in truncated week, bond yields seen up The Indian rupee is expected to find some relief in a holiday-shortened trading week but will hover near its record lows, while government bond yields are likely to stay elevated tracking debt markets across developed economies, traders and analysts said. The rupee plumbed fresh record lows of 83.29 per dollar on Thursday, with the Reserve Bank of India intervening to rein in losses, as growing fears of aggressive monetary tightening by the U.S. Federal Reserve sent the local unit into a t...
Rupee seeks respite in truncated week, bond yields seen up
Rupee seeks respite in truncated week, bond yields seen up
Source: Reuters
25/10/2022 9:19:36 AM
Japan intervened, buying yen in foreign exchange market Friday Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the currency hit a 32-year low near 152 to the dollar, a government official and another person familiar with the matter told Reuters. Japan has been attempting to shore up the battered currency as the central bank sticks with ultra-low interest rates, countering a global trend of tightening monetary policy and widening the gap between U.S. and Japanese interest rates. After the dol...
Japan intervened, buying yen in foreign exchange market Friday
Japan intervened, buying yen in foreign exchange market Friday
Source: Reuters
24/10/2022 9:57:34 AM
Dollar weathers suspected yen intervention, China data mixed  The U.S. dollar weathered another suspected blast of Japanese intervention to push higher on the yen on Monday, while most share markets rallied on just the hint of an eventual slowdown in U.S. rate hikes. The dollar started in a bullish mood with an early rush to 149.70 yen, before taking a sudden spill as far as 145.28 in a matter of minutes. Yet speculators seemed undaunted and took the dollar back up to 148.90 in choppy trading. The Financial Times reported the Bank of Japan m...
Dollar weathers suspected yen intervention, China data mixed
Dollar weathers suspected yen intervention, China data mixed
Source: Reuters
24/10/2022 9:26:21 AM
Japan intervened, buying yen in foreign exchange market late Friday Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the currency hit a 32-year low near 152 to the dollar, a government official and another person familiar with the matter told Reuters. Japan has been attempting to shore up the battered currency as the central bank sticks with ultra-low interest rates, countering a global trend of tightening monetary policy and widening the gap between U.S. and Japanese interest rates. After the dol...
Japan intervened, buying yen in foreign exchange market late Friday
Japan intervened, buying yen in foreign exchange market late Friday
Source: Reuters
22/10/2022 12:33:53 PM
Dollar hits fresh 24-year high vs yen after strong U.S. inflation data NEW YORK- The dollar hit a fresh 24-year peak against the yen on Thursday, gaining across the board, after a blistering U.S. inflation report that opened the possibility of a 100-basis-point interest rate hike at next month's Federal Reserve policy meeting. Data showed U.S consumer prices increased more than expected in September and underlying inflation pressures continued to escalate, cementing expectations that the Fed will deliver another 75-basis-point (bps) rate increase. The ...
Dollar hits fresh 24-year high vs yen after strong U.S. inflation data
Dollar hits fresh 24-year high vs yen after strong U.S. inflation data
Source: Reuters
13/10/2022 8:39:09 PM
Fragile yen tests 1998 low, sterling cautiously steady The yen floundered near a fresh 24-year low on Thursday, while sterling held onto overnight gains as investors skittishly await an impending deadline for the end of the Bank of England's emergency bond-buying programme. The yen hit a trough of 146.98 per dollar overnight - its lowest since August 1998 - and last traded at 146.82. The yen is within a whisker away from its August 1998 low of 147.64 per dollar, and well past last month's low of 145.90 per dollar which prompted Japa...
Fragile yen tests 1998 low, sterling cautiously steady
Fragile yen tests 1998 low, sterling cautiously steady
Source: IANS
13/10/2022 9:23:52 AM
U.S. dollar drifts higher; yen heads toward level that prompted intervention NEW YORK/LONDON -The U.S. dollar edged higher in choppy trading on Tuesday, adding to recent gains ahead of a key inflation report later this week that is expected to show persistently strong price pressures. Overall, dollar sentiment remained positive as worries about rising interest rates and geopolitical tensions unsettled investors, while the yen hovered near the level that prompted last month's intervention. Strong U.S. labour market data and a high inflation forecast expectati...
U.S. dollar drifts higher; yen heads toward level that prompted intervention
U.S. dollar drifts higher; yen heads toward level that prompted intervention
Source: Reuters
11/10/2022 8:34:40 PM
Yen rallies after Japan intervenes with first support since 1998 The Japanese yen soared across the board on Thursday after monetary authorities intervened in the foreign exchange market to boost the battered currency for the first time since 1998, although analysts said Japan may struggle to keep the yen strong. The dollar was last down 1.2% at 142.33 yen. It hit a low of 140.31 after the intervention, having earlier reached a fresh 24-year peak of 145.9 yen. The spread between the day's high and low for the pair was the widest since June 2016. ...
Yen rallies after Japan intervenes with first support since 1998
Yen rallies after Japan intervenes with first support since 1998
Source: Reuters
23/09/2022 9:08:37 AM
King dollar crushes yen as aggressive Fed bets ramp up The dollar hit a 24-year high against the yen on Wednesday after U.S. economic data reinforced the view that the Federal Reserve will continue aggressive policy tightening. The Chinese yuan sank to a two-year trough, closing in on the psychologically important 7 per dollar mark despite steps by authorities to stem its decline. The Philippine peso slid to a record low. The euro languished not far from Tuesday's two-decade low, well below parity, as European Union ministers prepare to...
King dollar crushes yen as aggressive Fed bets ramp up
King dollar crushes yen as aggressive Fed bets ramp up
Source: Accord Fintech
7/09/2022 11:30:25 AM
Stocks fall on rate hike bets, yen drops to 24-year low   European stock markets opened in the red on Wednesday after U.S. economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high against the Japanese yen. U.S. Treasury yields jumped and the dollar received a boosted by data on Tuesday which showed the U.S. services industry picked up in August, reinforcing expectations for aggressive Fed rate hikes. Markets were pricing in a 73% chances of a 75 basis point hike at the Fed's nex...
Stocks fall on rate hike bets, yen drops to 24-year low
Stocks fall on rate hike bets, yen drops to 24-year low
Source: Reuters
7/09/2022 8:33:37 AM
Yen skids past 142 per dollar, sterling clings onto early gains SINGAPORE/LONDON- The rate-sensitive Japanese yen continued tumbling on Tuesday, falling past 142 per dollar, while sterling and the euro tried, and in the euro's case failed, to recover from multi-year lows against the dollar hit the day before. The dollar climbed 1.07% on the yen to 142.1, a fresh 24-year high. The dollar is up 23% against the Japanese currency so far this year. "The FX market is re-focusing on rate hikes by major central banks and the Bank of Japan (BOJ) sto...
Yen skids past 142 per dollar, sterling clings onto early gains
Yen skids past 142 per dollar, sterling clings onto early gains
Source: Reuters
6/09/2022 8:15:14 PM
Euro, sterling bounce on energy policy hopes, climb all over tumbling yen The euro and sterling were on Tuesday trying to recover from multi-year lows against the dollar hit the day before, as policy makers tried to get a grip on the energy crisis, though the rate sensitive Japanese yen slipped to a new 24 year-low. The pound and euro both gained over 0.6% with the pound reaching as high as $1.19609, and the euro $0.9987 up from its 20-year low hit on Monday. "That governments are working on price caps, support for the consumer and really trying to get a...
Euro, sterling bounce on energy policy hopes, climb all over tumbling yen
Euro, sterling bounce on energy policy hopes, climb all over tumbling yen
Source: Reuters
6/09/2022 2:36:24 PM
Yen falls to 24-year low, dollar bulls hold steady  The dollar took a breather on Tuesday after a sweeping rally but notched a fresh 24-year high against the rate-sensitive Japanese yen, as U.S. monetary policy tightening gathers pace and widens the gap with Japan's stubbornly low interest rates. The yen bottomed at 140.97, the lowest since 1998, and last traded 140.91 per dollar. "After we saw the break of 140 ... the momentum definitely was skewed for yen weakness," said Galvin Chia, an emerging markets strategist a...
Yen falls to 24-year low, dollar bulls hold steady
Yen falls to 24-year low, dollar bulls hold steady
Source: Reuters
6/09/2022 12:48:47 PM
Yen recovery continues on lower U.S. yields; markets on edge over Pelosi  The dollar continued its decline on Tuesday, falling to its lowest in two months against the recovering Japanese yen and losing ground on other peers, as investors continued to position for a less aggressive pace of Federal Reserve interest rate hikes. Jitters about the impact of an impending visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi were also driving some safe-haven flows to the yen, while weighing on other Asian currencies. The greenback fell as low a...
Yen recovery continues on lower U.S. yields; markets on edge over Pelosi
Yen recovery continues on lower U.S. yields; markets on edge over Pelosi
Source: Reuters
2/08/2022 8:38:25 AM
World stocks kick off August at 7-wk high, U.S. futures on back foot  World stocks hit seven-week highs on Monday, buoyed by recent strong corporate earnings and declining expectations for hefty interest rate rises, though U.S. index futures were indicating a lower start to August at the Wall Street open. Over the past month, global shares have gained 7%, the S&P 500 jumped 9% and bond markets rallied as investors started to look for a peak in official interest rates, given slowing economic growth. Markets have gathered steam after comments on t...
World stocks kick off August at 7-wk high, U.S. futures on back foot
World stocks kick off August at 7-wk high, U.S. futures on back foot
Source: Reuters
1/08/2022 2:37:54 PM
Yen set for biggest weekly gain in 4 months on peak U.S. rate bets Japan's yen surged on Friday and is on track for its biggest weekly rise in four months against the dollar on bets that U.S. interest rates are nearing a peak after data showed on Thursday the world's biggest economy unexpectedly contracted in the June quarter. Futures markets predict that U.S. interest rates will peak by December this year compared with June 2023 at the start of July month and the Federal Reserve will cut interest rates by 50 bps next year to support slowing growt...
Yen set for biggest weekly gain in 4 months on peak U.S. rate bets
Yen set for biggest weekly gain in 4 months on peak U.S. rate bets
Source: Reuters
29/07/2022 12:42:09 PM
Dollar wallows near 6-week low to yen on view Fed to slow hikes The dollar languished near a six-week low to the yen amid a sharp retreat in Treasury yields after investors interpreted a shrinking U.S. economy as one more reason for the Federal Reserve to ease its foot off the tightening pedal. U.S. second-quarter gross domestic product (GDP) contracted at a 0.9% annualized rate, according to the Commerce Department's advance estimate, released Thursday. That followed a first-quarter contraction of 1.6%. Money markets currently give 76% odds tha...
Dollar wallows near 6-week low to yen on view Fed to slow hikes
Dollar wallows near 6-week low to yen on view Fed to slow hikes
Source: Reuters
29/07/2022 8:39:01 AM
Dollar slips, riskier currencies gain as market rebounds The dollar fell and major rivals gained on Monday as risk appetite returned to currency markets and investors weighed up the possible impact of an expected U.S. rate hike this week. Currency markets were choppy. The safe-haven dollar had initially gained in early European trading hours, following a cautious Asian session in which investors were worried about the global growth outlook. But the dollar started dropping around 0800 GMT while European stock indexes, which had opened in the red,...
Dollar slips, riskier currencies gain as market rebounds
Dollar slips, riskier currencies gain as market rebounds
Source: Reuters
25/07/2022 8:30:42 AM
Euro knocked by Italy crisis ahead of landmark ECB hike  The euro wilted on Thursday as the European Central Bank geared up for its first rate rise in over a decade and as political tumult in Italy offset relief following the restart of Russian gas flows through the region's largest pipeline. Traders will have more than just the landmark rate move to juggle later, with the ECB also set to sketch out its "anti-fragmentation plan" - a bond market intervention scheme it hopes will prevent another euro zone debt crisis. The eu...
Euro knocked by Italy crisis ahead of landmark ECB hike
Euro knocked by Italy crisis ahead of landmark ECB hike
Source: Reuters
21/07/2022 8:27:34 AM
Dollar climbs further pinning euro, yen at multi-decade lows The dollar resumed its relentless rise on Thursday, charting new 24-year highs against the yen and pinning the euro close to parity, as investors bet on the Federal Reserve ratcheting up interest rates to combat soaring inflation. Global economic turmoil has put a rocket under the safe haven dollar, pushing the dollar index that tracks the greenback against six counterparts up more than 13% this year. It was last up a fifth of a percent on the day at 108.500. The dollar strengthened mor...
Dollar climbs further pinning euro, yen at multi-decade lows
Dollar climbs further pinning euro, yen at multi-decade lows
Source: Reuters
14/07/2022 2:25:36 PM
Rampant dollar surges to new 24-year peak on Japan`s yen The dollar climbed to a 24-year high on the yen on Monday after Japan's ruling conservative coalition's strong election showing indicated no change to loose monetary policies, and global growth fears helped the safe-haven U.S. currency more broadly. The dollar climbed to as high as 137.28 yen in morning trading, its firmest since late 1998. It then pared those gains slightly and was last up 0.6% at 136.93. The dollar was also firm on the euro, which dropped 0.34% to $1.0151 head...
Rampant dollar surges to new 24-year peak on Japan`s yen
Rampant dollar surges to new 24-year peak on Japan`s yen
Source: Reuters
11/07/2022 1:36:12 PM
Yen bruised as Japan's rates gap widens with rest of the world HONG KONG - The yen hit a fresh 24-year low against the dollar on Wednesday, having taken another tumble overnight as U.S. bond yields continued to rise, in stark contrast to Japan's stubbornly low interest rates. Moves in major currency pairs were muted, but the policy comparison between Japan and the rest of the world was underscored by central banks around the world continuing to emphasise the need for higher interest rates. The yen was last drifting at 136.4 per dollar, having h...
Yen bruised as Japan's rates gap widens with rest of the world
Yen bruised as Japan's rates gap widens with rest of the world
Source: Reuters
22/06/2022 7:58:58 AM