The Japanese yen moved toward its strongest weekly performance in nearly fifteen months after gaining close to three percent, driven by renewed investor confidence following Prime Minister Sanae Takaichi’s election victory. Moreover, the rally surprised many traders who had expected political uncertainty to weaken the currency instead of strengthening it. Against the US dollar, the […]
japanese yen
Yen steadies as Japan signals readiness to intervene
The Japanese yen edged higher on Tuesday as broad U.S. dollar weakness combined with fresh warnings from Tokyo that it stands ready to act against excessive currency moves. The rebound offered brief relief after the yen hovered near multi-month lows against major peers. Read More: Japan approves massive stimulus to boost struggling economy Japanese officials delivered […]
Yen rises, Kiwi jumps as central banks signal policy shifts
SINGAPORE – The Japanese yen strengthened on Wednesday after reports suggested the Bank of Japan (BOJ) is preparing markets for a possible interest rate hike as early as next month. Meanwhile, the New Zealand dollar surged following hawkish signals from the Reserve Bank of New Zealand. Read More: Dollar rises as yen faces intervention According to sources familiar with […]
Dollar rises as yen faces intervention
SINGAPORE — The U.S. dollar is on track for its strongest weekly performance in over a month as investors bet the Federal Reserve is unlikely to cut rates next month, following a mixed U.S. jobs report. The delayed September nonfarm payrolls showed employment growth accelerated, but the unemployment rate climbed to 4.4%, the highest in […]
Currency buying/selling rates – 30 September 2022
According to the Forex association following are the selling and buying rates of major currencies, here on Friday. Currency Selling Rate Buying rate US Dollar 227.5 225 UK Pound 248 245.5 Euro 220.5 218 Japanese Yen 1.25 1.2 Saudi Riyal 60.6 60 U.A.E Dirham 61.7 61
Rupee declines 13 paisas against dollar in open market
ISLAMABAD: The Pakistan rupee declined 13 paisas against the US dollar in interbank trading on Tuesday and closed at Rs. 154.53 as compared to the previous day’s closing of Rs. 154.40. According to the Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs. 154.4 and […]