currency-hedging
Top StoriesSterling Rises After UK Unemployment Rate Unexpectedly Falls
Top StoriesGlobal Stocks Tick up While Yen Slips in Calm Before U.S. Data
Top StoriesDollar Recovers Ground, Yen Steadies as Currency Market Frenzy Eases
Top StoriesYen Rises to 7-month Highs as US Slowdown Fears Spill Over
Surging Yen Upends Popular Global Fx Carry Trades
Date: July 29, 2024
By Alun John, Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – A perfect storm of political, policy and technical risks has upended one of the year’s most popular currency trades, sending the Japanese yen soaring from 38-year lows with ripples spreading as far as Switzerland, Australia and Mexico. Nearly $40 billion in suspected intervention by...
Dollar Eases as Biden Ends Reelection Bid; Yuan Steady After Rate Cut
Date: July 22, 2024
By Kevin Buckland TOKYO (Reuters) – The dollar eased on Monday in the initial reaction to U.S. President Joe Biden’s decision to end his reelection campaign, clearing the way for another Democrat to challenge Donald Trump. China’s yuan was largely unfazed by the central bank’s decision to cut a key interest rate. The U.S....
Yen Jumps on Possible Intervention, Sterling Hits One-Year High
Date: July 17, 2024
By Chuck Mikolajczak NEW YORK (Reuters) -The yen rose sharply on Wednesday in a move that was suspected to be the result of another intervention from Japanese officials to buttress the long-battered currency from multi-decade lows. The yen has posted several outsized moves in recent days, appreciating sharply on Thursday and Friday from 38-year lows...
Dollar on Defensive After Soft Data, Battered Yen Under Watch
Date: July 4, 2024
Dollar on defensive after soft data, battered yen under watch By Brigid Riley TOKYO (Reuters) – The dollar was on the back foot on Thursday after U.S. economic data continued to point to slowing growth, offering limited relief to the yen, which remained pinned near a 38-year low that had the market on alert for...
Yen Tumbles to 38-year Low vs Dollar as Likely Japan Intervention Looms
Date: June 26, 2024
Yen tumbles to 38-year low vs dollar as likely Japan intervention looms By Gertrude Chavez-Dreyfuss and Harry Robertson NEW YORK/LONDON (Reuters) – The yen dropped to its lowest against the U.S. dollar since late 1986 on Wednesday, amid a wide interest rate differential between the two economies, keeping the market alert for any sign of...
Aussie Dollar Jumps on Inflation Spike, While Yen Stays Under Pressure
Date: June 26, 2024
Aussie dollar jumps on inflation spike, while yen stays under pressure By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) -The Australian dollar rallied after a surprise jump in inflation on Wednesday raised the prospect of another rate hike, while the U.S. dollar kept downward pressure on the Japanese yen. Moves elsewhere in the market were...