The US dollar is predominantly exhibiting a narrow mix against the G10 currencies. The Japanese yen stands out as the significant exception. The major currencies are influenced by a gain of approximately 0.35%, while the dollar has declined to a four-day low close to JPY156, following a peak last week just below JPY158. The dollar-bloc Read More
The U.S. dollar held steady on Tuesday as investors assessed the likelihood of a Federal Reserve rate cut next month in light of dovish remarks from policymakers, while the Japanese yen continued to be monitored for potential intervention. On Monday, Fed Governor Christopher Waller indicated that the job market was sufficiently weak to justify another Read More
The reevaluation of the perspective for the upcoming FOMC meeting, prompted by remarks from the NY Fed president prior to the weekend, has persisted today; however, the effect on the dollar remains ambiguous. The greenback shows a mixed performance, as European currencies generally outperform the dollar bloc and the Japanese yen. Overall, a broadly consolidative Read More
On Monday, the yen underperformed against a generally weaker dollar, as market participants monitored for indications of official intervention from Tokyo to halt the depreciation of the Japanese currency. The dollar was last up 0.27% against the Japanese currency at 156.8 yen, approaching its 10-month high reached last week. Japan’s currency has been declining due Read More
The significant decline in global equities following the unexpected turnaround in the US yesterday stands out as the key event today. The major markets within the Asia Pacific region experienced a decline exceeding 2% today. Europe’s Stoxx 600 has declined by over 1%. The asset is experiencing a decline for the sixth time in the Read More
The dollar appreciated against the yen on Wednesday, causing the Japanese currency to decline to a 10-month low. Finance Minister Satsuki Katayama stated that Japan’s new government was vigilantly observing the markets “with a high sense of urgency.” On Wednesday, Japanese government ministers, including Katayama, convened with Bank of Japan Governor Kazuo Ueda. The yen Read More
The US dollar exhibits strength today. The currency has achieved a new ten-month peak against the yen, slightly exceeding JPY156, while the euro has encountered a five-day low close to $1.1565. Emerging market currencies are showing a varied performance. The PBOC established the dollar’s reference rate at a peak for the month. The flow of Read More
The ongoing sell-off in equities persists, while the foreign exchange market remains subdued, with the dollar largely trading within narrow ranges. The currency exhibits strength against the majority of its counterparts, with the dollar bloc demonstrating notable resilience today. The dollar has achieved a new nine-month peak in its exchange rate with the yen. In Read More
The US Dollar exhibits a modest strengthening against the majority of G10 currencies, with the Antipodean currencies at the forefront, experiencing declines of approximately 0.25%. Rising tensions between Japan and China, along with a shift in expectations regarding a Federal Reserve cut and a Bank of Japan hike next month, maintain the dollar’s proximity to Read More
The dollar firmed slightly on Monday as investors braced for the release of a slew of U.S. economic data following the ending of the government’s shutdown, hoping it will add clarity to the Federal Reserve’s rate outlook in December. Market reaction to U.S. President Donald Trump’s tariffs U-turn on more than 200 food products was Read More
