Speculation is heightened that Japanese authorities could take advantage of U.S. holiday-thinned trade on Friday to intervene against the yen's weakness, Rabobank's Jane Foley says in a note. Indeed, it could be a bigger surprise if no action is taken, she says. Further interventions might look ine…
BRUSSELS (dpa-AFX) - The euro weakened against other major currencies in the European session on Wednesday, Eurozone inflation slowed to a three-month low in June.Data from Eurostat showed that Eurozone inflation weakened to 2.8 percent from 3.2 percent in May. This was the lowest rate since March…
The Bank of Japan would need to signal it's prepared to accelerate interest-rate rises for the yen to stage a decent recovery, Rabobank's Jane Foley says in a note. "Even though the BOJ has been tightening policy since 2024, the pace of rate hikes has been slow." Japan's strong Tankan report releas…
BRUSSELS (dpa-AFX) - The euro weakened against other major currencies in the European session on Wednesday.The euro fell to nearly a 1-year low of 0.8593 against the pound and a 2-day low of 1.1380 against the U.S. dollar, from early highs of 0.8618 and 1.1414, respectively.Against the yen and the…
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed.The loonie FX_IDC:USDCAD was trading 0.3% lower at C$1.423 to the greenback, or 70.27 U.S. cents, after trading in a range of 1.4195 to 1.4234.Canadian government 10-year bond yields…
Kazakhstan's central bank said on Wednesday that it sold $200 million from the country's national fund on the domestic market in June and plans to sell up to $300 million from the fund in July.It said it had sold foreign currency worth 354 billion tenge ($739 million) to mirror gold purchases in J…
BRUSSELS (dpa-AFX) - The British pound strengthened against other major currencies in the European session on Wednesday.The pound rose to nearly a 1-year high of 0.8593 against the euro and nearly a 6-month high of 1.0739 against the Swiss franc, from early lows of 0.8618 and 1.0709, respectively.A…
For years, brokers relied heavily on rapid client acquisition, fuelled by aggressive marketing and enticing bonuses. This approach drove impressive growth but was always vulnerable to shifting regulations and market dynamics. Today, that landscape has changed forever. Stricter regulations, heighten…
By Sarupya GangulyThe U.S. dollar’s recent rebound will fade in coming months as cooling oil prices temper inflation fears and Federal Reserve rate hike bets, a majority of FX strategists said in a Reuters poll, though a sizable minority say the strength is here to stay.A brief respite from the U.S…
The euro falls to a one-year low against sterling and could stay under pressure in the near term as markets have turned overly negative on the eurozone while overlooking U.K. political headwinds, Monex Europe analyst Nick Rees says. "Eurozone inflation data just undershot forecasts and we see littl…
By Amanda CooperThe dollar hit a 40-year high against the yen on Wednesday as a sharp rise in U.S. Treasury yields boosted the currency ahead of U.S. jobs data that could strengthen the case for a Federal Reserve rate hike this month.The dollar rose as high as 162.84 yen FX_IDC:USDJPY, well above l…
The South African rand has traded in a narrow range of around 16–16.5 per US dollar since May, amid a resilient US dollar and volatility in key precious metals, particularly gold and PGMs. The Middle East conflict fuelled global uncertainty and strengthened demand for the safe-haven greenback.Follo…
By Mike DolanWhat matters in U.S. and global markets todayBy Mike Dolan, Editor-at-Large, Finance and MarketsThe new month, quarter and second half kicked off in a cautious mood, with U.S. Treasury yields jumping overnight as the June jobs report looms, and investors are already looking ahead to th…
1035 GMT - Europe will have a big role to play in the next stage of the artificial intelligence economy, OpenAI Chief Economist Ronnie Chatterji says at the ECB Forum on central banking in Sintra. Europe has lagged the U.S. in foundational AI research, but the next stage of innovation lies in diffu…
BRUSSELS (dpa-AFX) - The U.S. dollar fell against its most major counterparts in the New York session on Tuesday.The greenback fell to a 1-week low of 1.1436 against the euro and near 2-week lows of 1.3276 against the pound and 0.8063 against the franc.The currency is seen finding support around 1…
By Jaspreet KalraThe Indian rupee fell to a near three-week low on Wednesday, tracking declines in Asian currencies as investors turned cautious ahead of remarks from the U.S. Federal Reserve chair and uncertainty over U.S.-Iran negotiations.The rupee FX_IDC:USDINR weakened 0.6% to end the session…
By Peter StonehamThe euro has been locked in a losing battle with the British pound, repeatedly failing to clear a key technical hurdle — and the chart suggests the struggle may not be over yet.Click here for a more detailed chart.Since hitting a peak of 0.8729 on May 15, the euro has repeatedly tr…
The South Korean won is nearing its weakest level against the U.S. dollar in 17 years. The dollar earlier rose to an intraday high of about 1,559 won on the first trading day of July after climbing to around 1,562 won in June, its highest level since 2009, LSEG data show. The greenback traded at 1…
“The dollar is squeezing higher, the yen is sliding without Tokyo’s usual bark, gold is cracking under the weight of higher-rate risk, and the UK’s latest ‘black hole’ story looks more political theatre than fiscal earthquake,” said Patrick Munnelly, market strategy partner at TickMill.Brent crude…
The euro remains at weaker levels after preliminary eurozone inflation data for June were lower than expected. Inflation eased to 2.8% in June from 3.2% in May, below the 3.0% forecast by economists in a WSJ survey. Core inflation fell to 2.4% from 2.6%, against an expected 2.6%. The impact on the…
