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Dollar rally stalls, giving yen respite  The yen got some much-needed respite on Tuesday as it steadied on the stronger side of 155 per dollar thanks to a pullback in the U.S. currency, which ran into profit-taking after a stellar rally that saw it scale a one-year high. The yen last edged 0.2% higher to 154.40 per dollar, recovering from its fall in the previous session after Bank of Japan Governor Kazuo Ueda stuck to his usual script and failed to offer any hints on whether a rate hike could come in December. "Rec...
Dollar rally stalls, giving yen respite
Dollar rally stalls, giving yen respite
Source: Reuters
2024-11-19 09:10:26 am
Markets brace for US election showdown in event-packed week Financial markets began the week on a cautious note on Monday, with shares in Asia subdued while the dollar eased slightly ahead of a busy week headlined by the U.S. presidential race which is set to come down to the wire. The week will also provide investors with global monetary policy catalysts with rate decisions from the Federal Reserve, the Bank of England (BoE), the Reserve Bank of Australia (RBA), Riksbank and Norges Bank. China's National People's Congress (NPC) standing...
Markets brace for US election showdown in event-packed week
Markets brace for US election showdown in event-packed week
Source: Reuters
2024-11-04 08:31:56 am
Dollar slips ahead of US election and as Fed rate cut looms The dollar slipped in Asia on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields. The euro rose 0.4% to $1.0884 but faces resistance around $1.0905, while the dollar fell 0.7% on the yen to 151.81 yen. The dollar index eased 0.1% to 103.79. Treasury futures rallied 10 ticks, recovering some of the losses suffered on Friday. [US/] ...
Dollar slips ahead of US election and as Fed rate cut looms
Dollar slips ahead of US election and as Fed rate cut looms
Source: Reuters
2024-11-04 08:26:57 am
US dollar rally pauses before jobs data, Aussie droops on RBA outlook The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar edged closer to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely this year. Mixed U.S. indicators overnight, showing a loosening U.S. jobs market but a confident consumer, provided little clarity on the outlook for Federal Reserve easing, allow...
US dollar rally pauses before jobs data, Aussie droops on RBA outlook
US dollar rally pauses before jobs data, Aussie droops on RBA outlook
Source: Reuters
2024-10-30 08:54:12 am
Aussie jumps on jobs surprise, dollar holds steady The Australian dollar charged higher on Thursday after employment numbers beat forecasts for a sixth month, while the dollar held near an 11-week high as it drew additional support from a potential Trump win at the upcoming U.S. election. The highlight of the Asia day was on a press conference in China which kicked off at 0200 GMT, focused on measures to prop up the country's beleaguered property sector. The onshore yuan was steady at 7.1179 per dollar as officials were speaking, wh...
Aussie jumps on jobs surprise, dollar holds steady
Aussie jumps on jobs surprise, dollar holds steady
Source: Reuters
2024-10-17 08:51:29 am
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
Australia's Central Bank keeps interest rate at 4.35 per cent due to high inflation The Reserve Bank of Australia (RBA) left the cash rate target on hold at 4.35 percent on Tuesday as inflation is still some way above the midpoint of the 2-3 per cent target range.  The RBA board said in a statement that it decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation has fallen substantially since its peak in 2022, as higher interest rates have been working to bring...
Australia's Central Bank keeps interest rate at 4.35 per cent due to high inflation
Australia's Central Bank keeps interest rate at 4.35 per cent due to high inflation
Source: IANS
2024-08-06 01:48:08 pm
Squeeze on carry trades leaves currency markets on edge The U.S. dollar was nursing steep losses on Tuesday, with the yen on the back foot after a sharp rise in the previous session as traders contend with unwinding of popular carry trades and the prospect of deep rate cuts from the Federal Reserve. The yen was 1% lower on Tuesday at 145.78 per dollar in early trading, after rising for five straight sessions and touching a seven-month high of 141.675 on Monday. The yen was also lower against the Australian dollar, euro and sterling. Last wee...
Squeeze on carry trades leaves currency markets on edge
Squeeze on carry trades leaves currency markets on edge
Source: Reuters
2024-08-06 08:48:00 am
Yen braces for BOJ decision; Aussie tumbles after inflation data The yen hovered near a 2-1/2-month high on Wednesday ahead of a Bank of Japan (BOJ) policy decision in which investors expect plans to taper its huge bond-buying program and hints as to when it will raise interest rates. The Australian dollar slid to its weakest since May after core inflation surprised on the downside and lessened the risk of another rate hike. The yuan was little changed after the official purchasing managers' index (PMI) showed a third month of slowing manufacturing ...
Yen braces for BOJ decision; Aussie tumbles after inflation data
Yen braces for BOJ decision; Aussie tumbles after inflation data
Source: Reuters
2024-07-31 09:00:27 am
Dollar steadies; sterling dips ahead of inflation test The dollar was nursing losses on Wednesday after soft U.S. retail sales data reinforced bets of imminent Federal Reserve rate cuts, while sterling eased a touch ahead of a reading on UK inflation due later in the day. Figures released on Tuesday showed U.S. retail sales barely rose in May and data for the prior month was revised considerably lower, suggesting that economic activity remained lacklustre in the second quarter. That knocked the greenback lower in the immediate aftermath, th...
Dollar steadies; sterling dips ahead of inflation test
Dollar steadies; sterling dips ahead of inflation test
Source: Reuters
2024-06-19 08:50:45 am
World shares push higher, Europe calmer World shares ticked higher on Tuesday as an uneasy calm held in Europe and traders awaited remarks from a bevy of U.S. Federal Reserve officials, while the Australian dollar firmed after its central bank kept rates steady while warning about inflation. Europe's STOXX 600 share index was up 0.2%, with the French benchmark flat, the spread between German and French bonds narrowed and the euro held steady. This marked some stabilisation after French assets sold off sharply last week as...
World shares push higher, Europe calmer
World shares push higher, Europe calmer
Source: Reuters
2024-06-18 08:56:16 am
Dollar edges up as traders await rate cut clues, euro dips The dollar edged higher on Tuesday, knocking the euro slightly, as traders awaited a U.S. retail sales report and comments from Federal Reserve officials to help gauge the timing of interest rate cuts. The U.S. dollar index, which measures the currency against six major peers, was last up 0.18% to 105.46. It lost 0.2% on Monday as it retreated from Friday's six-week high of 105.80. The greenback has been pulled in different directions as mild U.S. inflation readings contrasted with ...
Dollar edges up as traders await rate cut clues, euro dips
Dollar edges up as traders await rate cut clues, euro dips
Source: Reuters
2024-06-18 08:51:49 am
Dollar droops, Aussie jumps after inflation data The dollar nursed its wounds on Wednesday following big tumbles against the euro and sterling, but the yen remained mired near 34-year lows even as Japanese officials stepped up intervention warnings. The dollar's broad overnight losses were driven by a combination of surprisingly robust European activity data and cooling U.S. business growth. The Australian dollar made the most of a weakened greenback and rallied in early Asian trade on Tuesday, helped by hotter-than-expected consu...
Dollar droops, Aussie jumps after inflation data
Dollar droops, Aussie jumps after inflation data
Source: Reuters
2024-04-24 09:05:32 am
Japanese stocks down, yen steady as markets brace for landmark BOJ shift Japanese shares fell on Tuesday along with regional markets, while the yen was steady heading into a pivotal Bank of Japan meeting that could end eight years of negative interest rates and usher in the nation's first policy tightening since 2007. In a week filled with central bank meetings across the globe, the BOJ takes the spotlight on the day with all signs pointing to the central bank shifting away from its ultra easy monetary policy. The BOJ is widely expected to set the overni...
Japanese stocks down, yen steady as markets brace for landmark BOJ shift
Japanese stocks down, yen steady as markets brace for landmark BOJ shift
Source: Reuters
2024-03-19 08:57:24 am
Yen holds nerve as BOJ decision looms; dollar resurgent The yen dwindled near the 150 per dollar level on Tuesday but held its ground ahead of a pivotal policy decision from the Bank of Japan (BOJ), while the U.S. dollar towered over its peers as bets for early rate cuts there were trimmed. Rate decisions from the BOJ and the Reserve Bank of Australia (RBA) come under the spotlight in the Asia day, and currency moves were subdued early on Tuesday with traders hesitant to take on new positions ahead of the outcomes. The yen was last little ch...
Yen holds nerve as BOJ decision looms; dollar resurgent
Yen holds nerve as BOJ decision looms; dollar resurgent
Source: Reuters
2024-03-19 08:46:51 am
Dollar firm with eyes on PCE data, kiwi drops as RBNZ holds rates The U.S. dollar held steady as traders brushed off manufactured goods data overnight and awaited the Federal Reserve's preferred measure of inflation for clues on when the U.S. central bank may start cutting interest rates. Meanwhile, the Reserve Bank of New Zealand (RBNZ) held the cash rate steady and issued commentary seen as dovish, sending the kiwi falling to over a one-week low. In the U.S., the Commerce Department's Census Bureau said orders for durable goods fell 6.1% las...
Dollar firm with eyes on PCE data, kiwi drops as RBNZ holds rates
Dollar firm with eyes on PCE data, kiwi drops as RBNZ holds rates
Source: Reuters
2024-02-28 09:02:37 am
Dollar firms past 150 yen as US, Japan rates outlook diverge The yen was pinned near a three-month low against the dollar on Tuesday as sticky U.S. inflation bolstered the case for higher-for-longer interest rates, contrasting with a recession in Japan and market doubts about a near-term exit from its easy policy. In Asia, China's loan prime rate (LPR) decision takes centre stage, where it is widely expected to trim its benchmark mortgage reference rate to shore up the country's faltering economic growth. Ahead of the outcome, the offshor...
Dollar firms past 150 yen as US, Japan rates outlook diverge
Dollar firms past 150 yen as US, Japan rates outlook diverge
Source: Reuters
2024-02-20 09:02:38 am
Asia stocks inch higher as China rebounds, dollar firm Asian shares edged up on Tuesday thanks to a bounce in battered Chinese markets, although investors were cautious after a slide on Wall Street amid diminishing expectations of a near-term Federal Reserve rate cut, which in turn underpinned the dollar. Oil prices held largely steady as traders took stock of a visit to the Middle East by U.S. Secretary of State Antony Blinken to discuss a ceasefire offer in the region. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0....
Asia stocks inch higher as China rebounds, dollar firm
Asia stocks inch higher as China rebounds, dollar firm
Source: Reuters
2024-02-06 09:05:03 am
China fuels Asian stocks rally, oil climbs on Red Sea worries Chinese equities led a rally in Asian stocks to start the week, after regulators took new steps over the weekend to support the market. Oil climbed after a step-up in Middle East violence, as a missile attack by Yemen's Houthi group caused a fire on a fuel tanker in the Red Sea, while three U.S. troops were killed after a drone attack in Jordan. The dollar and U.S. Treasury yields hovered in the middle of recent ranges ahead of a highly anticipated Federal Reserve policy meeting lat...
China fuels Asian stocks rally, oil climbs on Red Sea worries
China fuels Asian stocks rally, oil climbs on Red Sea worries
Source: Reuters
2024-01-29 08:59:11 am
Dollar stems decline after heavy November selloff The dollar regained some ground on Tuesday and hovered near a one-week high against major peers, while bitcoin extended its momentum on optimism that U.S. regulators could soon approve exchange-traded spot bitcoin funds. The greenback rose marginally against the yen in early Asia trade to 147.23, helped by a slowdown in core consumer inflation in Tokyo that put downward pressure on the Japanese currency. The euro, meanwhile, languished near a three-week low hit on Monday and last traded...
Dollar stems decline after heavy November selloff
Dollar stems decline after heavy November selloff
Source: Reuters
2023-12-05 08:56:55 am
Yen`s fall toward multi-decade lows keeps markets on intervention watch The battered yen was stuck near a three-decade low against the dollar on Tuesday, struggling to find a floor as the Bank of Japan's (BOJ) ultra-easy monetary policy settings remained at odds with the prospect of higher-for-longer rates elsewhere. The Japanese currency slumped to a 15-year low of 162.38 per euro in early Asia trade and slid to a roughly three-month trough of 186.25 per British pound. Against the dollar, the yen last stood at 151.72, languishing near a one-year low of...
Yen`s fall toward multi-decade lows keeps markets on intervention watch
Yen`s fall toward multi-decade lows keeps markets on intervention watch
Source: Reuters
2023-11-14 09:41:20 am
Dollar licks its wounds ahead of Fed Chair Jerome Powell`s remarks  The dollar regained its footing on Wednesday and inched higher after a slew of Federal Reserve speakers left the door open to further rate hikes, as traders looked to a speech from Chair Jerome Powell on the central bank's future policy path. The greenback, which tumbled last week in the wake of the Fed's decision to hold its policy rate steady and on data pointing to a cooling U.S. labour market, has found a floor as markets remain at odds over whether a peak in U.S. rates h...
Dollar licks its wounds ahead of Fed Chair Jerome Powell`s remarks
Dollar licks its wounds ahead of Fed Chair Jerome Powell`s remarks
Source: Reuters
2023-11-08 08:39:55 am
Dollar steady as risk rally eases, RBA in focus The dollar was steady on Tuesday, holding overnight gains as investors took a breather from a risk rally, while the Australian currency drifted lower ahead of a central bank interest rates decision later in the day. All eyes in Asian hours will be on the Reserve Bank of Australia, which is widely expected to raise rates by 25 basis points, snapping four months of on hold policy decisions. Markets on the other hand less sure, pricing in a 63% chance of a hike. The Australian dollar was 0...
Dollar steady as risk rally eases, RBA in focus
Dollar steady as risk rally eases, RBA in focus
Source: Reuters
2023-11-07 09:01:14 am
Stocks set for strongest week of 2023 on interest rate cheer Stocks were headed for their biggest weekly rise in a year on Friday, while bonds rallied and the dollar was on the back foot as investors cheered a pause in U.S. interest rate hikes. U.S. jobs data due later in the day is the next major focus. Benchmark 10-year Treasury yields are down more than 20 basis points in two sessions since the U.S. Federal Reserve left rates on hold on Wednesday and Chair Jerome Powell said risks to the outlook for rates settings was balanced. Cash Treasur...
Stocks set for strongest week of 2023 on interest rate cheer
Stocks set for strongest week of 2023 on interest rate cheer
Source: Reuters
2023-11-03 08:45:49 am
Dollar firms, yen weakens to intervention-wary level The dollar was firm on Thursday, hovering near a one-week high as Treasury yields rose and investor appetite for riskier currencies dimmed, while the yen breached 150 per dollar to keep traders jittery about the prospect of intervention.The Japanese yen touched a fresh one-year low of 150.32 per dollar overnight and was last at 150.26.Japanese finance minister Shunichi Suzuki warned investors against selling the yen again on Thursday, saying authorities were closely watching moves. "I'm watch...
Dollar firms, yen weakens to intervention-wary level
Dollar firms, yen weakens to intervention-wary level
Source: Reuters
2023-10-26 09:04:24 am
Marketmind: A welcome bounce, but mixed big tech signals A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.Good news was good news on Tuesday, as another surprisingly strong snapshot of U.S. business activity boosted investor sentiment and risk appetite, which should pave the way for a positive open in Asian markets on Wednesday.Upbeat U.S. economic data often fuels Fed rate hike expectations, dragging stocks and other asset markets lower. But not this time - investors cheered the unexpected expansion in manu...
Marketmind: A welcome bounce, but mixed big tech signals
Marketmind: A welcome bounce, but mixed big tech signals
Source: Reuters
2023-10-25 08:52:43 am
Dollar drifts as investors eye Powell speech, yen wobbles near intervention zone The U.S. dollar started Tuesday on the back foot as investors took stock of developments in the Middle East and braced for a slew of speeches by central bank officials this week headlined by Fed Chair Powell to gauge the monetary policy outlook.The yen was pinned close to the key 150 per dollar level, keeping traders on edge for any signs of intervention by the Japanese authorities.The yen last fetched 149.62 per dollar, having slipped to 150.17 on Oct. 3, the weakest in a year, before gettin...
Dollar drifts as investors eye Powell speech, yen wobbles near intervention zone
Dollar drifts as investors eye Powell speech, yen wobbles near intervention zone
Source: Reuters
2023-10-17 09:15:56 am
Dollar pauses rally as markets brace for US nonfarm payrolls test The dollar dipped on Friday but traders were largely keeping to the sidelines in both the currency and U.S. Treasury markets as they looked to U.S. nonfarm payrolls data later in the day for potential catalysts.Friday's closely-watched jobs report comes on the heels of a run of resilient U.S. economic data which has reinforced the Federal Reserve's hawkish messaging of higher-for-longer rates and sent the greenback and U.S. Treasury yields surging.The dollar index, which earlier in the week h...
Dollar pauses rally as markets brace for US nonfarm payrolls test
Dollar pauses rally as markets brace for US nonfarm payrolls test
Source: Reuters
2023-10-06 08:50:45 am
Asian stocks slip on rate worries, yen in focus Asian shares fell on Tuesday after Federal Reserve officials cemented the view that U.S. interest rates are likely to remain elevated for some time, while the yen slid to near a one-year low, putting traders on watch for intervention from Japanese authorities.MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.36% to their lowest since Nov. 28, 2022. Japan's Nikkei fell 1.5%, while Hong Kong's Hang Seng Index was 1% lower. Chinese markets were closed for the week because of the ...
Asian stocks slip on rate worries, yen in focus
Asian stocks slip on rate worries, yen in focus
Source: Reuters
2023-10-03 08:53:02 am
Dollar firm but softens against yen ahead of FOMC The dollar remained firm on Wednesday but softened slightly against the yen ahead of a much-anticipated rate decision by the Federal Reserve later in the day.The U.S. dollar index, which measures the greenback against a basket of rivals, stayed mostly flat at 105.13 as traders awaited the Fed's rate decision.Markets expect the Fed will almost certainly keep rates on hold at 5.25% to 5.50%, putting the focus on the central bank's forward guidance.Futures markets are pricing in a 30% likelihood...
Dollar firm but softens against yen ahead of FOMC
Dollar firm but softens against yen ahead of FOMC
Source: Reuters
2023-09-20 09:13:39am