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Dollar set to end week on a high, yen at five-month low  The dollar was set to cap the week on a strong note on Friday as it was perched near a two-year high bolstered by a hawkish U.S. rate outlook, while the yen struggled to stay afloat as it again weakened to a new low. Currencies took a breather after huge moves in the previous session sparked by a broad rally in the greenback. That drove its peers to milestone lows with the South Korean won sinking to a 15-year trough, the Canadian dollar tumbling to its weakest in more than four year...
Dollar set to end week on a high, yen at five-month low
Dollar set to end week on a high, yen at five-month low
Source: Reuters
2024-12-20 09:05:38 am
Asian shares pinned near three-month lows, dollar towers at 2-yr peak Asian shares were pinned near three-month lows on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks. The closely watched inflation gauge - the U.S. Core Personal Consumption Expenditures - is due later in the day. Forecasts are centred on a monthly rise of 0.2% for November, and any upward surprises there could lead markets to further scale back bets for U.S. policy easing next yea...
Asian shares pinned near three-month lows, dollar towers at 2-yr peak
Asian shares pinned near three-month lows, dollar towers at 2-yr peak
Source: Reuters
2024-12-20 08:54:40 am
Dollar charges ahead, yen flinches lower after BOJ holds The dollar flirted with a two-year peak on Thursday after the Federal Reserve signalled a slower pace of rate cuts in 2025, while the yen blipped lower after the Bank of Japan (BOJ) stood pat on rates. The BOJ kept interest rates steady on Thursday as expected, underscoring policymakers' preference to spend more time scrutinising whether wage hikes will broaden and keep inflation durably around its 2% target. The yen fell in the immediate aftermath of the decision, weakening roughly...
Dollar charges ahead, yen flinches lower after BOJ holds
Dollar charges ahead, yen flinches lower after BOJ holds
Source: Reuters
2024-12-19 09:08:45 am
Gold prices edge higher with focus on Fed`s policy decision Gold prices edged higher on Wednesday as attention turned to the Federal Reserve's upcoming monetary policy decision, with the U.S. central bank anticipated to implement a third rate cut this year and provide insights into its plans for 2025. Spot gold nudged 0.1% higher to $2,648.43 per ounce by 0237 GMT. U.S. gold futures were flat at $2,663.20. The U.S. Fed began its two-day policy meeting on Tuesday, with focus on the central bank's updated economic projections and the dot p...
Gold prices edge higher with focus on Fed`s policy decision
Gold prices edge higher with focus on Fed`s policy decision
Source: Reuters
2024-12-18 09:12:19 am
Dollar steady against peers as Fed rate cut looms The U.S. dollar held steady against the yen and other major rivals on Wednesday as investors waited to see whether the Federal Reserve will deliver a hawkish cut before the Bank of Japan and other central banks meet this week. The Fed is widely expected to deliver a 25-basis-point interest rate cut at the end of its two-day policy meeting on Wednesday, with markets pricing in a 97% probability, according to the CME's FedWatch tool. Focus will fall on policymakers' new economic p...
Dollar steady against peers as Fed rate cut looms
Dollar steady against peers as Fed rate cut looms
Source: Reuters
2024-12-18 09:09:32 am
Gold prices steady ahead of Fed policy meeting Spot gold steadied on Tuesday ahead of the Federal Reserve's policy meeting as the market keenly awaited the U.S. central bank's outlook for cues on the interest rate path in 2025. Spot gold ticked up 0.1% to $2,655.07 per ounce, as of 0335 GMT. U.S. gold futures were flat at $2,672.40. "The market has almost discounted a 25-basis-point cut; however the 2025 outlook, the Fed dot chart and (Fed Chair Jerome) Powell's statements will be key to gauge the Fed's stance f...
Gold prices steady ahead of Fed policy meeting
Gold prices steady ahead of Fed policy meeting
Source: Reuters
2024-12-17 12:16:54 pm
Dollar supported as bets on 2025 rate cuts evaporate The dollar held firm and near recent peaks on Tuesday, on the eve of an expected interest rate cut in the United States, as traders ratchet long-term rate assumptions higher. The friendless euro, which is heading for a calendar-year drop of nearly 5% on the dollar, was not far from the year's lows at $1.0518. The gap between U.S. and German ten-year yields is 216 basis points and has widened nearly 70 bps in three months. The yen was on the back foot for a seventh consecutive ses...
Dollar supported as bets on 2025 rate cuts evaporate
Dollar supported as bets on 2025 rate cuts evaporate
Source: Reuters
2024-12-17 09:07:29 am
Asian shares drift, dollar firms ahead of central bank meetings Asian stocks edged higher and the dollar held firm on Tuesday as traders braced for a slate of central banks meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now. Bitcoin, the best-known and the biggest cryptocurrency, remained nestled near the record high of $107,821 it touched on Monday. It was last flat at $106,041. The crypto market has been on a tear since the U.S. election in early November as traders wager th...
Asian shares drift, dollar firms ahead of central bank meetings
Asian shares drift, dollar firms ahead of central bank meetings
Source: Reuters
2024-12-17 08:58:23 am
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000 The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025. Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential strategic bitcoin reserve. The yen struggled to recover following its worst week since September after Reuters and other news outlets reported that the Bank of J...
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Source: Reuters
2024-12-16 09:22:28 am
Indian rupee, bonds to be guided by Fed policy decision  The Indian rupee and government bonds will take cues from the Federal Reserve's policy decision this week, with investors keeping an eye out for hawkish revisions to future U.S. interest rate projections. The rupee closed at 84.7875 against the U.S. dollar on Friday, down 0.1% on the week. It hit a record low of 84.88 earlier last week. Elevated dollar bids in the non-deliverable forwards market, along with expectations of a dovish tilt in monetary policy following the appoint...
Indian rupee, bonds to be guided by Fed policy decision
Indian rupee, bonds to be guided by Fed policy decision
Source: Reuters
2024-12-16 09:07:10 am
Asia wary of Fed rate future, China data disappoints Asian stock markets were in a wary mood on Monday as surging bond yields challenged equity valuations, particularly for the richly priced tech sector, in a week packed with central bank meetings and major economic data. Figures from China out on Monday showed retail sales rose just 3.0% in November, compared to a year earlier, well below market forecasts of 4.6% and evidence of the need for much more aggressive stimulus. Industrial production was much as expected, while house prices were s...
Asia wary of Fed rate future, China data disappoints
Asia wary of Fed rate future, China data disappoints
Source: Reuters
2024-12-16 08:57:14 am
Dollar set for best week in a month on cut-then-wait Fed outlook The dollar rose to a 2 1/2-week high against major peers on Friday, on track for its best week in a month, amid bets that the Federal Reserve would cut interest rates next week but then take a patient approach to further reductions. The U.S. currency was also supported against the euro and Swiss franc following rate cuts at those central banks a day earlier, and versus the yen amid speculation the Bank of Japan will forgo a rate hike at its meeting next week. The dollar index, which mea...
Dollar set for best week in a month on cut-then-wait Fed outlook
Dollar set for best week in a month on cut-then-wait Fed outlook
Source: Reuters
2024-12-13 09:00:44 am
Asian shares fall, long-dated Treasuries set for worst week in a year Asia shares fell on Friday as a strong dollar kept risk sentiment fragile, while longer-dated Treasury yields are heading for their biggest weekly rise this year as expectations for deep U.S. rate cuts in 2025 recede. A top level meeting in Beijing pledged to increase debt and boost consumption but failed to boost Chinese equity markets. Policymakers are girding for more trade tensions with the U.S. as Donald Trump's return to power approaches. It has been a week of rate cuts from S...
Asian shares fall, long-dated Treasuries set for worst week in a year
Asian shares fall, long-dated Treasuries set for worst week in a year
Source: Reuters
2024-12-13 08:54:33 am
Tokyo stocks end lower as strong Yen weighs on exporters  Tokyo stocks closed lower on Friday as a stronger Yen against the US dollar weighed on exporter issues.  Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 141.03 points, or 0.37 per cent, from Thursday at 38,208.03, Xinhua news agency reported. The broader Topix index, meanwhile, finished 6.57 points, or 0.24 per cent, lower at 2,680.71. The Yen soared to a one-month high in the upper 149 level against the US dollar Friday on speculat...
Tokyo stocks end lower as strong Yen weighs on exporters
Tokyo stocks end lower as strong Yen weighs on exporters
Source: IANS
2024-11-29 05:42:38 pm
Yen surges to 150 per dollar amid growing BOJ rate hike bets  The yen jumped as much as 1% to a six-week high at 150 per dollar on Friday, after faster than expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar sagged against most major peers in trading thinned by the U.S. Thanksgiving holiday, with sterling at the highest since Nov. 20. The euro edged back toward Wednesday's one-week high after recovering from a small decline in the previous session to end that day little changed. Ge...
Yen surges to 150 per dollar amid growing BOJ rate hike bets
Yen surges to 150 per dollar amid growing BOJ rate hike bets
Source: Reuters
2024-11-29 09:03:25 am
Asian shares slip, yen aims for best week in 4 months on BOJ hike bets Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan. Overnight, trading in U.S. equities and Treasuries was closed due to the Thanksgiving holiday, leaving little lead for Asia. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3% and was down 0.5% for the week. Japan's Nikkei dropped 0.7% as the yen surged after Tokyo's infla...
Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Source: Reuters
2024-11-29 09:01:01 am
Rupee to bypass recovery in Asian peers on worries over outflows The Indian rupee is likely to hover near its all-time low on Friday as concerns about portfolio outflows override the recovery in Asian peers. The 1-month non-deliverable forward indicated the rupee will open at 84.4850-84.4950 to the U.S. dollar, nearly unchanged from its close on Thursday and near the lifetime low of 84.5075 hit late last week. Foreign investors took out nearly $1.4 billion from Indian equities on Thursday, preliminary exchange data showed, spurring a 1.5% slump in th...
Rupee to bypass recovery in Asian peers on worries over outflows
Rupee to bypass recovery in Asian peers on worries over outflows
Source: Reuters
2024-11-29 08:51:23 am
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints  Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia, while in Japan, a speech from its central bank's head left markets none the wiser on the country's rate outlook. Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank will keep raising interest rates if economic and price developments move in line with its forecasts, but made no mention of whether a hike could come in December. His speech had been cl...
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Source: Reuters
2024-11-18 08:58:30 am
Dollar calm as investors eye US jobs report, election The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The yen held onto Thursday's gains as investors continued to digest a less dovish message from the Bank of Japan in the previous session. The U.S. dollar started the month off at a lower level after coming under pressure against the yen and on T...
Dollar calm as investors eye US jobs report, election
Dollar calm as investors eye US jobs report, election
Source: Reuters
2024-11-01 09:09:53 am
Yen under pressure as BOJ keeps rates steady The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The Japanese currency has taken a beating this month as the dollar and U.S. Treasury yields have hovered around their highest since July.  The yen has fallen more than 6% in October and is on track for what would be its biggest monthly loss against the greenback sinc...
Yen under pressure as BOJ keeps rates steady
Yen under pressure as BOJ keeps rates steady
Source: Reuters
2024-10-31 09:07:57 am
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision Asian stocks slid on Thursday as chip-sector stocks tracked overnight declines by Wall Street peers and Facebook owner Meta Platforms warned of accelerating costs for artificial intelligence. More megacap tech earnings are due later in the day from Apple and Amazon. The yen hovered close to a three-month low against the dollar, weighed down by political instability after a drubbing for Japan's ruling coalition in parliamentary elections last weekend, which could delay a normalisatio...
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision
Source: Reuters
2024-10-31 08:53:33 am
Asian stocks mixed, dollar drifts before megacap earnings, jobs data Asian stocks were mixed in volatile trading on Tuesday as investors girded for three days of tech megacap earnings reports on Wall Street, kicking off with Google parent Alphabet later in the day. The dollar drifted not far from a three-month high with one of the Federal Reserve's preferred employment gauges - the JOLTS job openings report - due on Tuesday, ahead of highly anticipated monthly non-farm payrolls data on Friday. U.S. Treasury yields eased from three-month peaks. The ye...
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Source: Reuters
2024-10-29 09:15:48 am
Yen mired in political uncertainty; dollar looks to key data releases The yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan's ruling coalition in weekend elections raised uncertainty about the nation's political and monetary outlook. Elsewhere, the dollar eased a touch, though remained not too far from its recent high ahead of major U.S. data releases later in the week that could determine the path for Federal Reserve policy. The yen was last 0.1% higher at 153.12 per dollar, after having slumped...
Yen mired in political uncertainty; dollar looks to key data releases
Yen mired in political uncertainty; dollar looks to key data releases
Source: Reuters
2024-10-29 09:01:10 am
Yen wobbles, vulnerable to political reverberations The yen languished near a three-month trough on Friday and was headed for a fourth straight weekly loss, ahead of an election in Japan over the weekend that is likely to complicate the Bank of Japan's (BOJ) policy normalisation plans. In the broader market, the dollar retreated from its recent highs as it tracked U.S. Treasury yields lower, though it remained on course for yet another weekly gain. Japanese voters will head to the polls on Sunday for a general election, with polls sh...
Yen wobbles, vulnerable to political reverberations
Yen wobbles, vulnerable to political reverberations
Source: Reuters
2024-10-25 09:22:57 am
Dollar holds on to 7-week highs as traders consider US rates outlook  The dollar clung to seven-week highs against major currencies on Tuesday as investors ponder the outlook for U.S. rates after a strong jobs report last week dashed bets for large rate cuts, while escalating tensions in Middle East dented risk sentiment. Traders have drastically shifted their monetary easing expectations from the Federal Reserve this year. Markets are no longer fully pricing in a rate cut in November and are ascribing an 86% chance of a 25 basis points (bps) reduct...
Dollar holds on to 7-week highs as traders consider US rates outlook
Dollar holds on to 7-week highs as traders consider US rates outlook
Source: Reuters
2024-10-08 08:43:52 am
Reaction on US Fed rate cut announcement by Anitha Rangan, Economist at Equirus Below the Reaction on US Fed rate cut announcement by Anitha Rangan, Economist at Equirus   "While the debate on whether the move will be 25 or 50 bp has been answered, the move itself has left more questions than answers. The first being, if the economy is so strong (as Powell reiterated multiple times, why was there a need for 50 bp. May be to compensate for the cut they did not do in July. Nevertheless, Fed is also not in a rush (again as per Powell) – then why the ru...
Reaction on US Fed rate cut announcement by Anitha Rangan, Economist at Equirus
Reaction on US Fed rate cut announcement by Anitha Rangan, Economist at Equirus
Source: PR Agency
2024-09-20 04:45:41 pm
Japanese Yen Gains Amid BoJ Rate Decision and Rising Inflation Data by Amit Gupta, Kedia Advisory The Japanese Yen strengthened following the Bank of Japan's decision to maintain its interest rate at 0.15%. Japan's Consumer Price Index rose to 3.0% in August, marking the highest level since October 2023. The US Dollar faced pressure as market expectations grew for future Federal Reserve rate cuts, with the 2024 median forecast revised downward. However, Fed Chair Jerome Powell emphasized a cautious approach to easing. Despite Japan's increasing trade deficit, the Yen continues...
Japanese Yen Gains Amid BoJ Rate Decision and Rising Inflation Data by Amit Gupta, Kedia Advisory
Japanese Yen Gains Amid BoJ Rate Decision and Rising Inflation Data by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-09-20 11:59:41 am
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut The dollar slumped to its lowest this year on Friday versus the yen while gold hit a record high as investors ratcheted up bets for a super-sized Federal Reserve interest rate cut next week. Shares in Asia also advanced after traders raised bets back to 45% for a 50-basis point U.S. rate cut on Sept. 18, according to LSEG data at 0510 GMT, from about 28% before articles in the Financial Times and Wall Street Journal each called the decision "a close call". Influential former N...
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut
Source: Reuters
2024-09-13 09:06:20 am
Dollar weak, yen at 2024 high on bets of big rate cut from Fed  The dollar softened on Friday, with the yen hitting its highest level this year as investors remained on tenterhooks ahead of next week's central bank bonanza where the focus is on the Federal Reserve and the size of its expected interest rate cut. While the Fed is all but certain to cut rates next week, uncertainty around whether it will go with a 25 basis point cut or 50 basis points (bps) has kept investors on edge and weighed on the dollar. Analysts pointed to media report...
Dollar weak, yen at 2024 high on bets of big rate cut from Fed
Dollar weak, yen at 2024 high on bets of big rate cut from Fed
Source: Reuters
2024-09-13 08:56:04 am
Asian shares up on Wall Street tech boost, dollar extends gains on yen Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, while the dollar held onto gains after U.S. core inflation surprised slightly on the upside and dashed hopes of a large rate cut by the Federal Reserve next week. Investors are now awaiting a policy decision from the European Central Bank later in the day where a rate cut is almost a certainty, but the question remains whether it would move again in both October and December. MSCI's broadest index of Asia...
Asian shares up on Wall Street tech boost, dollar extends gains on yen
Asian shares up on Wall Street tech boost, dollar extends gains on yen
Source: Reuters
2024-09-12 08:52:08 am
Dollar drops; Harris` chances improve after US election debate The dollar fell to its lowest against the yen this year on Wednesday after investors upped the chances of Democrat Kamala Harris beating Republican rival Donald Trump in November's presidential election after a scheduled debate. The yen received an additional boost from Bank of Japan board member Junko Nakagawa, who reiterated that the central bank would continue to raise interest rates if the economy and inflation move in line with its forecasts. Traders were also awaiting a key U....
Dollar drops; Harris` chances improve after US election debate
Dollar drops; Harris` chances improve after US election debate
Source: Reuters
2024-09-11 09:08:50 am
Dollar set to snap 5-week losing streak as Fed cut bets pared The dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing run, after robust economic data pared bets for aggressive Federal Reserve interest rate cuts. The euro languished close to a two-week low to the dollar as cooling inflation in Germany and Spain boosted the case for European Central Bank easing. The yen held near the closely watched 145 per dollar level after weakening on Thursday, as the greenback tracked a rise in U.S. Treasury yiel...
Dollar set to snap 5-week losing streak as Fed cut bets pared
Dollar set to snap 5-week losing streak as Fed cut bets pared
Source: Reuters
2024-08-30 09:05:14 am
World stocks end turbulent month higher as U.S. inflation data looms Global stocks rose on Friday and were set for a fourth straight month of gains despite a bout of heavy selling in early August, boosted by U.S. growth data that helped the dollar snap a weeks-long losing streak and kept bond markets on edge. MSCI's world share index ticked 0.2% higher, heading for a 1.8% monthly gain, as Europe's Stoxx index touched a record intraday high in early dealings and Britain's FTSE 100 rose to a three-month peak. U.S. stock futures also pointed to ...
World stocks end turbulent month higher as U.S. inflation data looms
World stocks end turbulent month higher as U.S. inflation data looms
Source: Reuters
2024-08-30 08:53:35 am
Dollar holds gains ahead of US inflation test The dollar steadied on Thursday as it nursed some of its steep losses from previous sessions, with traders looking ahead to a key U.S. inflation reading at the end of the week that could offer further clues on the outlook for rates there. Friday's release of the core personal consumption expenditures (PCE) price index - the Federal Reserve's preferred measure of inflation - headlines a week that's otherwise been lacking on major market moving data, leaving currencies mostly ran...
Dollar holds gains ahead of US inflation test
Dollar holds gains ahead of US inflation test
Source: Reuters
2024-08-29 08:57:28 am
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift  The yen rose to a three-week high against the dollar on Monday as Federal Reserve Chair Jerome Powell's emphatic dovish shift contrasted sharply with Bank of Japan chief Kazuo Ueda's steadfastly hawkish tone. The U.S. currency hovered near its lowest in 13 months against the euro. It also sagged closer to levels last seen in March 2022 versus sterling, with Bank of England head Andrew Bailey's comments that it was "too early to declare victory" over inflation si...
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift
Source: Reuters
2024-08-26 09:04:16 am
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates Wall Street and global shares jumped on Friday toward all-time highs, while Treasury yields slumped and the dollar languished, after a speech by U.S. Federal Reserve Chair Jerome Powell confirmed the United States would soon begin interest rate cuts. Powell, in remarks on Friday at the annual economic symposium in Jackson Hole, Wyoming, said "the time has come" to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of ...
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
Source: Reuters
2024-08-24 08:46:33 am
Shares hold near record high with Powell in focus, dollar in the doldrums World shares steadied on Friday, sitting just 1% shy of all-time highs, while the dollar languished around one-year lows ahead of a speech by the world's most powerful central banker which markets will peruse for guidance on the shape of U.S. rate cuts. Europe's broad Stoxx 600 index rose 0.14% in early trading, Asian shares outside Japan nudged down 0.1%, but Japan's Nikkei gained 0.4% as investors digested inflation data and remarks from Bank of Japan governor Kazuo Ueda flag...
Shares hold near record high with Powell in focus, dollar in the doldrums
Shares hold near record high with Powell in focus, dollar in the doldrums
Source: Reuters
2024-08-23 09:05:50 am
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell The yen rose on Friday as traders considered comments from Bank of Japan Governor Kazuo Ueda, who sought to calm lingering nerves after a surprise rate hike last month, while markets braced for a speech from Federal Reserve Chair Jerome Powell. With the spotlight squarely on the central bankers, Ueda appeared first in Japan's parliament to explain the rate increase that had rattled investors. The yen was 0.38 % higher at 145.75 per dollar on Friday in choppy trading after Ueda reaff...
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell
Source: Reuters
2024-08-23 09:00:55 am
Dollar doldrums deepen on dovish Fed tone before Jackson Hole The dollar traded near the lowest in more than a year against the euro and sterling on Thursday as a dovish Federal Reserve and fresh signs of weakness in the U.S. job market backed the case for interest rate cuts. The dollar sagged below the closely watched 145 yen mark as U.S. Treasury yields slid, ahead of weekly jobless claims data later in the day and a hotly anticipated speech by Fed Chair Jerome Powell at the central bank's annual Jackson Hole symposium on Friday. The dollar ...
Dollar doldrums deepen on dovish Fed tone before Jackson Hole
Dollar doldrums deepen on dovish Fed tone before Jackson Hole
Source: Reuters
2024-08-22 08:40:36 am
Dollar hits lowest this year vs euro as traders brace for jobs data, Jackson Hole The dollar slipped to its lowest this year versus the euro on Wednesday as traders braced for potentially crucial revisions to U.S. payrolls data later in the day, ahead of a speech by Federal Reserve Chair Jerome Powell at the end of the week. The U.S. currency also dipped below the closely watched 145 yen level and hovered close to the more-than-one-year low to sterling reached overnight. Pressure notably came from U.S. bond yields, which hit their lowest since Aug. 5, when yields crashe...
Dollar hits lowest this year vs euro as traders brace for jobs data, Jackson Hole
Dollar hits lowest this year vs euro as traders brace for jobs data, Jackson Hole
Source: Reuters
2024-08-21 08:31:22 am
Dollar in holding pattern ahead of FOMC minutes, Powell comments The U.S. dollar was struggling to make headway against its peers on Monday, though it traded in a tight range as investors awaited fresh catalysts this week that could offer clues on the outlook for U.S. interest rates. Minutes of the Federal Reserve's July policy meeting and a speech from Chair Jerome Powell at Jackson Hole are likely to be the main drivers of currency movement this week, which will also see inflation data from Canada and Japan alongside Purchasing Managers' Index...
Dollar in holding pattern ahead of FOMC minutes, Powell comments
Dollar in holding pattern ahead of FOMC minutes, Powell comments
Source: Reuters
2024-08-19 08:52:23 am
Japanese shares lift Asian stocks ahead of US data barrage  Asian stocks rose on Tuesday, led by Japanese shares on the back of a steady yen, with traders awaiting data including the U.S. inflation report to gauge the Federal Reserve's policy outlook after volatile moves last week. Oil prices eased in early trading after a 3% jump in the previous session as investors kept an eye on widening conflict in the Middle East that could tighten global crude supplies. Demand for safe assets lifted gold prices. [O/R] [GOL/] Japan's Nikkei ro...
Japanese shares lift Asian stocks ahead of US data barrage
Japanese shares lift Asian stocks ahead of US data barrage
Source: Reuters
2024-08-13 08:59:34 am
Yen slips, markets brace for US inflation data The yen was a tad softer against the dollar in trading thinned by a Japanese holiday on Monday, with market participants still ambivalent about the odds of a big Fed rate cut next month. The respite follows a tumultuous week that began with a massive selloff across currencies and stock markets, driven by worries over the U.S. economy and the Bank of Japan's hawkishness. Last week ended calmer, with Thursday's stronger-than-expected U.S. jobs data leading markets to pare bets for...
Yen slips, markets brace for US inflation data
Yen slips, markets brace for US inflation data
Source: Reuters
2024-08-12 08:46:15 am
Direction of Indian stocks to be influenced by global markets: Experts As the Indian stock markets experienced a marginal recovery from the uncertainties stemming from weak global cues last week, the direction of the benchmark indices will be influenced by international markets going forward, experts said on Saturday.  Geopolitical tensions, weak US non-farm job data and Bank of Japan’s monetary policy decision weighted on all world markets, including India. There will be uncertainties over the unwinding of carry trades, driven by the Yen's ...
Direction of Indian stocks to be influenced by global markets: Experts
Direction of Indian stocks to be influenced by global markets: Experts
Source: IANS
2024-08-10 01:40:31 pm
Dollar near one-week high on jobs relief; yen sags The dollar hovered close to a one-week high against major rivals on Friday, after the biggest drop in U.S. jobless claims in close to a year allayed fears of a looming economic downturn. The U.S. currency extended gains against the Japanese yen to a fourth day, buoyed by a spike in Treasury yields following Thursday's firmer-than-expected employment data, which spurred a paring back in bets for Federal Reserve interest rate cuts this year. The yen and fellow safe-haven currency the ...
Dollar near one-week high on jobs relief; yen sags
Dollar near one-week high on jobs relief; yen sags
Source: Reuters
2024-08-09 08:54:32 am
India's central bank holds rates again despite global market volatility  The Reserve Bank of India (RBI) kept its key interest rate unchanged on Thursday, as widely expected, retaining its focus on bringing inflation down even as global market volatility left other major central banks poised to ease policy. The Monetary Policy Committee (MPC), which consists of three RBI and three external members, kept the repo rate unchanged at 6.50% for a ninth straight policy meeting. Four out of six MPC members voted in favour of the rate decision. The MPC last...
India's central bank holds rates again despite global market volatility
India's central bank holds rates again despite global market volatility
Source: Reuters
2024-08-08 10:38:29 am
Yen firms after sharp drop as traders assess Japan's rate path The yen firmed on Thursday after a sharp drop in the previous session in a volatile week that has left sentiment fragile as investors weigh the unwinding of popular carry trades and ponder the rate path Japan's central bank is likely to take. The yen was last 0.53% higher at 145.95 per dollar, having dropped 1.6% on Wednesday after the Bank of Japan's Deputy Governor Shinichi Uchida played down the chance of a near-term hike in interest rates. The Japanese currency started the w...
Yen firms after sharp drop as traders assess Japan's rate path
Yen firms after sharp drop as traders assess Japan's rate path
Source: Reuters
2024-08-08 08:44:30 am
Yen slides after BOJ official says no rate hikes if markets volatile The dollar was firmer on Wednesday, surging as much as 2% against the yen after Bank of Japan Deputy Governor Shinichi Uchida said the central bank won't raise interest rates when financial markets are unstable. The yen was last down over 1.5% at 146.70 per dollar having touched session lows of 147.50 immediately following Uchida's comments, as investors were still grappling with a massive shakeout in assets at the start of the week driven by recession fears and unwinding of popula...
Yen slides after BOJ official says no rate hikes if markets volatile
Yen slides after BOJ official says no rate hikes if markets volatile
Source: Reuters
2024-08-07 08:42:19 am