foreign-currency
Top StoriesDollar Recovers Ground, Yen Steadies as Currency Market Frenzy Eases
Top StoriesDollar Down as US Rate Cut Bets Rise, Yen Surges
Top StoriesYen Rises to 7-month Highs as US Slowdown Fears Spill Over
Top StoriesSurging Yen Upends Popular Global Fx Carry Trades
Aussie, Kiwi Dollars Struggle on China’s Rate Cuts; Dollar Adrift
Date: July 23, 2024
By Rae Wee SINGAPORE (Reuters) – The Australian and New Zealand dollars languished near multi-week lows on Tuesday after China’s move to cut several key interest rates, while the dollar was little changed as it awaited fresh impetus. China on Monday surprised markets by cutting major short and long-term interest rates in its first...
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....
Asian Stocks Slide on Rising Trade Tensions, Yen Climbs
Date: July 18, 2024
By Ankur Banerjee SINGAPORE (Reuters) – Asian equities fell on Thursday, led by chip stocks as investors fret over the prospect of escalating trade tensions between the U.S. and China, while the yen surged to a six-week high in the wake of suspected interventions by Tokyo last week. The U.S. dollar loitered near its weakest...
Stocks Dive on Prospect of US Trade Curbs; Yen Jumps
Date: July 17, 2024
By Isla Binnie NEW YORK (Reuters) -World stock indexes mostly fell on Wednesday, with Wall Street weighed down by the prospect of U.S. trade curbs, while the yen rose sharply in a move suspected to be the result of another intervention from Japanese officials to buttress the currency from multi-decade lows. Treasury yields gained as...
US Dollar Retreats After Weak Economic Data; Yen Gets Minor Relief
Date: June 27, 2024
US dollar retreats after weak economic data; yen gets minor relief By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) -The yen edged up from a 38-year low against the U.S. dollar on Thursday, helped by softening U.S. economic data, although traders remained on high alert for any signs of Japanese intervention to prop up...
Dollar Hits 38-year High vs Yen; Stocks Mostly Ease
Date: June 26, 2024
Dollar hits 38-year high vs yen; stocks mostly ease By Caroline Valetkevitch NEW YORK (Reuters) -The dollar hit a fresh 38-year high against the Japanese yen on Wednesday, with investor speculation high that Japanese authorities could intervene to strengthen the currency, while global stock indexes were mostly lower. Japan’s top currency diplomat, Masato Kanda, said...