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Dollar eases toward first weekly loss since January as traders weigh Fed path The U.S. dollar eased back from a 2-1/2-month high versus the yen on Friday and weakened toward its first weekly loss since January against major peers as traders tried to gauge the path for Federal Reserve policy. The yen, which is particularly sensitive to U.S.-Japanese long-term interest rate differentials, threatened to extend a weekly losing streak to seven weeks, even as it gained strength on Friday with 10-year U.S. yields retreating from a nearly four-month high close to 4.1%. T...
Dollar eases toward first weekly loss since January as traders weigh Fed path
Dollar eases toward first weekly loss since January as traders weigh Fed path
Source: Reuters
3/03/2023 9:02:44 AM
Euro nears nine-month peak as European Central Bank hawks let fly The dollar was staring at a fourth straight session of losses against the euro on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve. The euro crept ahead to $1.0870 and nearer its recent nine-month peak of $1.08875. A break there would open the way to a spike top from last April at $1.0936. It was aided by European Central Bank (ECB) governing council member Klaas Knot, who said interest rates would rise by 50...
Euro nears nine-month peak as European Central Bank hawks let fly
Euro nears nine-month peak as European Central Bank hawks let fly
Source: Reuters
23/01/2023 9:34:21 AM
Stocks rally with Netflix; dollar jumps vs yen after BOJ governor remarks NEW YORK - Global equity indexes rose sharply on Friday, with Wall Street rallying after a jump in Netflix and Alphabet shares, while the U.S. dollar had its biggest daily percentage gain against the yen in about two weeks as the Bank of Japan governor repeated the central bank will maintain its ultra-loose monetary policy. The S&P 500 and Dow snapped a three-session losing streak and the Nasdaq rose more than 2%. Netflix Inc gained 8.5% after the streaming video company report...
Stocks rally with Netflix; dollar jumps vs yen after BOJ governor remarks
Stocks rally with Netflix; dollar jumps vs yen after BOJ governor remarks
Source: Reuters
21/01/2023 11:55:30 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 stock wipeout offsets central bank pivot hopes World share markets were down 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 yet. European shares were down nearly 1% as Thursday's weak forecasts from Amazon and Apple sent the tech sector down over 2% and the prospect of renewed COVID curbs in China hit mining and oil firms. In the bond markets, borrowing costs were also starting t...
Tech stock wipeout offsets central bank pivot hopes
Tech stock wipeout offsets central bank pivot hopes
Source: Reuters
28/10/2022 3:53:43 PM
Asian shares track Wall Street higher as jitters abound  Asian shares tracked Wall Street higher on Friday, although gains could quickly unwind as investors grapple with the reality that surging U.S. inflation will likely lead to higher interest rates for longer, hastening a global recession. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.6% in early Asia trade. Australia's resources-heavy share index gained 1.6%, South Korea advanced 2.1%, while Japan's Nikkei jumped 2.8%. Chinese bluechips also opened 0....
Asian shares track Wall Street higher as jitters abound
Asian shares track Wall Street higher as jitters abound
Source: Reuters
14/10/2022 8:42:08 AM
BOJ must prepare 'thoroughly' on digital currency, says Kuroda TOKYO  - Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the need for the central bank to "prepare thoroughly" for the time it may need to issue its own digital currency. The BOJ will begin experiments on a central bank digital currency (CBDC) in spring 2021, Kuroda said, signaling its resolve to stay in line with other central banks that are stepping up the pace of development. While the BOJ currently has no plan to issue CBDC, central banks must not wait idly...
BOJ must prepare 'thoroughly' on digital currency, says Kuroda
BOJ must prepare 'thoroughly' on digital currency, says Kuroda
Source: Reuters
16/03/2021 10:15:46 AM
BOJ's Kuroda says stock boom reflects economic optimism, defends ETF scheme TOKYO - Bank of Japan Governor Haruhiko Kuroda said on Tuesday the recent stock price rally reflected market optimism over the global economic outlook, brushing aside views its ultra-loose monetary policy was fuelling an asset price bubble. Kuroda said the central bank would be vigilant for financial risks associated with prolonged easing, nodding to growing concern among some lawmakers that prolonged easing was sowing the seeds of a bubble. But he stressed that it was premature to deba...
BOJ's Kuroda says stock boom reflects economic optimism, defends ETF scheme
BOJ's Kuroda says stock boom reflects economic optimism, defends ETF scheme
Source: Reuters
16/02/2021 8:56:30 AM