foreign-exchange
Top StoriesMorning Bid: Greenback in the Red as Jackson Hole Looms
Top StoriesDollar Softens, Yen Set for Weekly Fall as US Recession Worries Fade
Top StoriesGlobal Stocks Tick up While Yen Slips in Calm Before U.S. Data
Top StoriesYen Slips, Markets Brace for US Inflation Data
Dollar Steady on US Jobs Relief as Yen Heads for First Weekly Drop in Six
Date: August 9, 2024
By Kevin Buckland and Sruthi Shankar TOKYO (Reuters) -The dollar was close to a one-week high against other major currencies 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 was steady against the Japanese yen following a three-day rebound,...
Analysis-Global Market Rout Has More to Do With End of Cheap Funding Than US Economy
Date: August 5, 2024
By Nell Mackenzie and Yoruk Bahceli LONDON (Reuters) – A meltdown in world equity markets in recent days is more reflective of a wind-down of carry trades used by investors to juice their bets than a hard and fast shift in the U.S. economic outlook, analysts say. While Friday’s weaker-than-expected U.S. jobs data was the...
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...
Yen Keeps Markets on Edge, Data Points to BOJ Intervention
Date: July 12, 2024
Yen keeps markets on edge, data points to BOJ intervention By Amanda Cooper LONDON (Reuters) -The yen steadied on Friday, a day after the Bank of Japan likely intervened to prop up the currency, on the coat-tails of an unexpected drop in U.S. consumer prices that fuelled the largest drop in the dollar since May....
Dollar Drops, Yen Surges as Consumer Prices Fall in June
Date: July 11, 2024
By Karen Brettell (Reuters) -The dollar dropped on Thursday after data showed headline consumer prices unexpectedly fell in June, with the Japanese yen at one point gaining more than 2% as traders priced in the likelihood that the Federal Reserve will begin cutting interest rates in September. The sharp gain in the yen increased speculation...
Asia Shares Rise; Kiwi Slumps After RBNZ’s Less Hawkish Tone
Date: July 10, 2024
Asia shares rise; kiwi slumps after RBNZ’s less hawkish tone By Rae Wee and Sameer Manekar SINGAPORE (Reuters) -Asian stocks hovered near two-year highs on Wednesday on growing bets of imminent U.S. rate cuts, while the New Zealand dollar slid after its central bank signalled greater confidence that inflation was coming to heel. The Reserve...