The risk aversion that swept through foreign-exchange markets in Asia on Wednesday largely faded by the European morning, as the safe-haven yen lost its gains and Antipodean currencies strengthened. The Swiss franc maintained its strength, while the U.S. dollar exhibited stability during the session, following a peak not seen since April 1 at the close Read More
The dollar climbed to a four-month peak against the euro on Tuesday, as divisions within the Federal Reserve cast uncertainty on the likelihood of an additional rate cut this year. Meanwhile, a risk-off sentiment prompted investors to turn to the U.S. currency for safety. Meanwhile, the pound depreciated following the UK finance minister’s indication of Read More
Tumbling equities and softer yields indicate a risk-off session. The US dollar, however, is predominantly stronger. In the context of G10 currencies, it required an additional round of verbal intervention and declining Treasury yields to enable the yen to withstand the dollar’s influence. Approximately 50% of currencies have declined by 0.5% or more, with the Read More
The US Dollar is starting the new month with a strong performance. The currency has shown a slight increase against the majority of other currencies. Within the G10, the Australian dollar and Norwegian krone are at the forefront, exhibiting minimal gains. Among emerging market currencies, the Mexican peso’s increase of approximately 0.15% positions it at Read More
The dollar strengthened to a near three-month high on Monday as investors anticipated the release of data this week to assess the health of the U.S. economy and evaluate its potential impact on the Federal Reserve’s hawkish stance. The yen remained close to an 8-1/2-month low, influenced by significant interest rate differentials between the U.S. Read More
Following the extension of this week’s rally yesterday, the US dollar is currently solidifying its gains from the previous day, indicating a positive trend in price movement. The retreat from the dollar’s peak has been modest. This week, the US finalized multiple trade agreements and achieved a trade truce with China, although skepticism regarding its Read More
The yen strengthened against the U.S. dollar during Asian trading on Friday, following remarks from Japan’s new finance minister indicating that the government is closely monitoring foreign exchange movements with heightened urgency. The yen was last recorded at 0.1% stronger against the U.S. dollar, standing at 154.01 yen per dollar, recovering slightly from its lowest Read More
The US has consented to refrain from obstructing subsidiaries of Chinese firms that have been sanctioned, as well as to not impose the port fee on Chinese vessels that reportedly initiated the recent tightening of China’s rare earth/magnet export restrictions. China has consented to a one-year suspension of those measures and has eliminated its levy Read More
The yen experienced a decline on Thursday following the Bank of Japan’s decision to maintain interest rates at their current levels. Meanwhile, other currencies remained stable within narrow ranges as investors assessed the implications of a trade agreement between U.S. President Donald Trump and Chinese President Xi Jinping. Trump indicated that he had consented to Read More
The dollar appreciated on Wednesday following Federal Reserve Chair Jerome Powell’s remarks, which countered market expectations for an additional rate cut at the U.S. central bank’s December meeting, subsequent to the anticipated rate reduction by the U.S. central bank. Wednesday’s rate cut faced opposition from two policymakers, as Governor Stephen Miran reiterated his stance for Read More
