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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 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
Aussie hit by China stimulus scepticism; US dollar firm on Fed outlook The Australian and New Zealand dollars slumped on Wednesday as scepticism grew about top trading partner China's stimulus, while the greenback hovered near two-month peaks versus major peers on wagers U.S. interest rate cuts will be gradual. New Zealand's currency was weighed down further by data showing cooling inflation, keeping the door open for aggressive easing by the nation's central bank. The Aussie dropped as much as 0.51% to $0.6669, the lowest since Sept. 12, befor...
Aussie hit by China stimulus scepticism; US dollar firm on Fed outlook
Aussie hit by China stimulus scepticism; US dollar firm on Fed outlook
Source: Reuters
2024-10-16 08:50:50 am
Aussie, kiwi dollars struggle on China's rate cuts; yen gains The Australian and New Zealand dollars struggled to regain their footing on Tuesday after China's move to cut several key interest rates, while the yen rose ahead of Bank of Japan's (BOJ) policy meeting at the end of the month. China on Monday surprised markets by cutting major short and long-term interest rates in its first such broad move since last August, signalling intent to boost growth in the world's second-largest economy. The two Antipodean currencies, often used as...
Aussie, kiwi dollars struggle on China's rate cuts; yen gains
Aussie, kiwi dollars struggle on China's rate cuts; yen gains
Source: Reuters
2024-07-23 08:34:55 am
Bond yields climb, stocks under pressure as Fed cut doubts resurface U.S. Treasury yields pushed to a near four-week peak on Wednesday, lifting their Asia-Pacific counterparts and the dollar while pressuring equities, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts. Crude oil rose for a fourth day to reach a four-week high amid speculation OPEC+ will maintain production cuts at a meeting this Sunday. Benchmark U.S. 10-year yields ticked as high as 4.556% in Tokyo trading hours, a level not seen since May 3, following poo...
Bond yields climb, stocks under pressure as Fed cut doubts resurface
Bond yields climb, stocks under pressure as Fed cut doubts resurface
Source: Reuters
2024-05-29 08:46:41 am
Yen hits 34-yr low ahead of key US inflation test The dollar climbed on Wednesday in the wake of more strong U.S. economic data, nudging the Japanese yen to a 34-year low and into the zone that drew official market intervention in 2022. The yen traded at 151.97 per dollar in the Asia session, down about 0.2% and weaker than 151.94 where Japanese authorities stepped in during October 2022 to buy the currency and its weakest level since the middle of 1990. For the quarter ending later this week the yen is the worst-performing major, down...
Yen hits 34-yr low ahead of key US inflation test
Yen hits 34-yr low ahead of key US inflation test
Source: Reuters
2024-03-27 09:00:08 am
Yen cedes some ground ahead of critical BOJ test The yen dipped slightly on Monday as the Bank of Japan (BOJ) kicked off its two-day monetary policy meeting, with traders nervously awaiting a decision on whether the dovish central bank could finally unwind its ultra-loose monetary settings. In the broader market, currencies started the week on a cautious note after large swings last week mainly driven by a slew of central bank meetings, which included rate decisions from the Federal Reserve, the European Central Bank (ECB) and the Bank o...
Yen cedes some ground ahead of critical BOJ test
Yen cedes some ground ahead of critical BOJ test
Source: Reuters
2023-12-18 09:07:26 am
Dollar broadly up, threatens 150 yen as benchmark Treasury yield climbs The dollar was within a hair's breadth of the closely watched 150 yen level on Friday, buoyed by a surge in the U.S. 10-year Treasury yield which in the previous session briefly reached 5% for the first time since 2007.The benchmark 10-year yield, which was last at 4.9813%, has climbed some 35 basis points this week, driven by rising expectations that the Federal Reserve is likely to keep interest rates higher for longer and mounting U.S. fiscal concerns. [US/]"The move up has been driven by ...
Dollar broadly up, threatens 150 yen as benchmark Treasury yield climbs
Dollar broadly up, threatens 150 yen as benchmark Treasury yield climbs
Source: Reuters
2023-10-20 08:51:31 am
Asian shares drop sharply as US price data revives rate hike jitters Asian shares slid on Friday while the dollar was firm after U.S. consumer prices increased more than expected, bolstering the case for the Federal Reserve to keep rates higher for longer.MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.94% on Friday, on course for its biggest one-day percentage drop in a week, having scaled a three-week high on Thursday.Declines for Chinese stocks were particularly large after data earlier in the day showed China's consumer prices were flat i...
Asian shares drop sharply as US price data revives rate hike jitters
Asian shares drop sharply as US price data revives rate hike jitters
Source: Reuters
2023-10-13 08:52:42 am