TOKYO: The U.S. dollar rose on Friday, trimming its weekly losses, after President Donald Trump said he would soon announce his nominee to lead the Federal Reserve and as optimism grew that Washington would avoid a government shutdown. Read More: Dollar weakens amid ‘sell America’ trade, Yen slumps too Trump said he planned to name his […]
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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 retreats as investors bet on Fed rate cut
SINGAPORE: The U.S. dollar weakened in early Asian trading on Friday, reversing gains made earlier this month as investors turned cautious amid a lack of official U.S. labor market data. The dollar index, which tracks the greenback against six major currencies, fell 0.5% to 99.674. With the U.S. government shutdown delaying the release of the […]
Dollar climbs to near three-month high
SINGAPORE – The U.S. dollar strengthened to a near three-month high on Monday as investors awaited key economic data releases this week to assess the health of the U.S. economy and the Federal Reserve’s next move on interest rates. The yen remained under pressure, hovering near an eight-and-a-half-month low, weighed down by a wide interest […]
Dollar hits two-week high as global trade talks and Fed decision loom
TOKYO — The U.S. dollar climbed to its highest level in more than two weeks against the yen on Monday, kicking off a busy week dominated by high-stakes trade meetings and central bank decisions. The greenback rose 0.2% to 153.12 yen, its strongest since October 10, as investors braced for a packed agenda of global […]
US dollar steady ahead of inflation data
SINGAPORE – The US dollar held firm on Friday, heading for a modest weekly gain as investors awaited delayed US inflation data and anticipated that the Federal Reserve would proceed with an interest rate cut next week. The dollar index stood at 98.92, on track for a 0.37% weekly rise, while the euro and sterling […]
Dollar edges higher as markets await U.S. inflation data
TOKYO – The U.S. dollar rose slightly against major currencies on Thursday as traders awaited the delayed release of U.S. consumer inflation data and digested renewed trade tensions between Washington and Beijing. The yen weakened to a one-week low against the dollar amid expectations of a major stimulus package from new Prime Minister Sanae Takaichi, […]
Dollar Weakens as U.S. Economic Worries and Trade Tensions Boost Yen and Euro
TOKYO – The U.S. dollar weakened on Friday as concerns about the economy and global trade tensions encouraged expectations of more interest rate cuts by the Federal Reserve. The dollar index, which tracks the greenback against a basket of currencies, was little changed at 98.23, but is set for its biggest weekly drop in almost […]
Yen Set for Steepest Weekly Drop in a Year as Rate Hike Hopes Fade
SINGAPORE – The Japanese yen steadied on Friday but was on track for its steepest weekly drop in a year, as fading hopes for a near-term rate hike weighed on the currency. Meanwhile, the euro hovered near two-month lows amid France’s deepening political crisis, boosting the U.S. dollar to a one-year high. The yen inched […]