The yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan’s ruling coalition in weekend elections raised uncertainty about the nation’s political and monetary outlook. Elsewhere, the dollar eased a touch, though remained not too far from its recent high ahead of major U.S. data releases later in … Read more
The yen touched a three-month low on Monday as Japan’s ruling coalition lost its parliamentary majority and investors figured that would likely slow future interest rate hikes, while the dollar headed for a monthly gain on rising U.S. yields. On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade … Read more
The U.S. dollar hovered at a 2-1/2-month peak on Wednesday as investors adjusted bets toward a gradual reduction of interest rates while keeping an eye on a close presidential election race. The yen remained under pressure as the dollar and U.S. Treasury yields marched higher, pushing it to a three-month low. The greenback has climbed … Read more
Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve‘s super-sized rate cut last week, while the yen and most other major currencies stagnated with Japanese markets on holiday. The dollar strengthened against the yen last week after policy meetings in both the United States … Read more
Asian stocks inched higher on Tuesday as investors awaited a slew of economic data, corporate earnings and the U.S. Federal Reserve’s policy meeting, while the yen was slightly weaker a day after suspected intervention rescued it from 34-year lows. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.36% higher, set to clock in a … Read more
China’s yuan fell to the weakest level since November after a series of disappointing economic figures added to concern about the nation’s sputtering growth. The offshore yuan dropped as much as 0.5% Monday to 7.2927 per dollar. The currency has now tumbled about 5% this year, the worst performer in Asia after the yen. “People’s … Read more
SINGAPORE/TOKYO: The dollar rose broadly on Thursday, particularly against the yen, as investors braced for higher U.S. interest rates while expecting anchored Japanese rates to go nowhere anytime soon. The greenback hit a 24-year high of 139.59 against the yen in early Asia trade, a gain of about 0.5% on the previous day’s close. Expectations … Read more
TOKYO: The dollar edged up on Thursday supported by expectations for aggressive Federal Reserve monetary tightening, but was well off the previous day’s peaks amid nervousness about what a gathering of finance ministers might say about its rapid appreciation. The greenback added 0.36% to 128.335 yen, after soaring to a two-decade high of 129.430 on … Read more
HONG KONG: The dollar index rose past 101 for the first time since March 2020 on Tuesday, as the greenback set its latest 20-year high on the yen and tested a two-year peak on the euro, supported by high U.S. Treasury yields and expectations of good economic data. The dollar index, which measures the greenback … Read more
HONG KONG: The euro held at a one-month high against the dollar on Thursday, having rallied on hopes the war in Ukraine might be entering a new de-escalating phase, while the yen was set for its worst month since November 2016. The European single currency was at $1.1175 holding its highest in a month, having … Read more