The euro closed June at around $1.14, close to its one-year low, as investors turned their attention to the ECB’s Sintra Forum and inflation updates from Europe’s major economies.The highlight is Wednesday’s panel with ECB President Christine Lagarde as markets seek clues on economic assessments an…
It’s a bad day to be a yen bull or a dollar-yen bear. Last time the yen was that low most of you weren’t even born.💴 Yen Hits a Four-Decade Low🏦 Why the Yen Keeps Falling📈 Tic-Tac, Clock’s Tickin’
CANBERA (dpa-AFX) - The Australian dollar weakened against other major currencies in the Asian session on Tuesday.The Australian dollar fell to nearly a 3-month low of 0.6865 against the U.S. dollar and a 2-1/2-month low of 1.6619 against the euro, from yesterday's closing quotes of 0.6882 and 1.65…
By Emily Ou YongJapanese rubber futures rose on Tuesday, as the Japanese yen weakened to a fresh 40-year low, while data showing China's growing factory activity in June lifted sentiment in the world's largest tyre maker.($1 = 162.2400 yen)($1 = 6.7881 yuan)
Markets likely now see the 163-165 yen range as the next key technical and psychological target for the dollar, says Masahiko Loo at State Street Investment Management in an email. This range is where "both positioning and policy risk become more acute," the senior fixed-income strategist says. "In…
The dollar rises slightly as the Supreme Court's decision Monday to block President Trump's bid to fire Federal Reserve governor Lisa Cook reduce risks to the central bank's independence. Justices said the Trump administration hadn't provided Cook sufficient due process for her to contest her remov…
The Commodity Futures Trading Commission (CFTC) has penalized two offshore technology firms for building and running the plumbing behind unregistered platforms that took on American retail traders.Netrios LP Ltd. and Red Acre Ltd. agreed to pay a combined $2.5 million to settle the charges, under a…
By Jaspreet KalraThe Indian rupee was modestly weaker on Tuesday, but remained on course to log a quarter-on-quarter gain, its first since March 2025, as a sharp retreat in oil prices and a salvo of policy measures to draw dollar inflows snapped a spell of decline.The currency FX_IDC:USDINR last tr…
The South African rand weakened on Tuesday, pressured by global risk aversion tied to a fragile truce in the Middle East, while investors also braced for planned anti-immigration demonstrations in Africa's largest economy.
By Ronnie HaruiThe yen fell to a 40-year low against the dollar in Asia on Tuesday, putting traders on high alert for potential currency intervention by the government.Japanese Finance Minister Satsuki Katayama on Tuesday renewed her pledge to stop excessive yen volatility. "We will take appropriat…
By Ronnie HaruiThe yen fell to a 40-year low against the dollar in Asia on Tuesday, putting traders on high alert for potential currency intervention by the government.Japanese Finance Minister Satsuki Katayama on Tuesday renewed her pledge to stop excessive yen volatility. "We will take appropriat…
By Ankur BanerjeeThe yen slumped to levels not seen since 1986 on Tuesday, stoking worries that direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the U.S. rate outlook.The yen FX_IDC:USDJPY weakened to 162…
By Libby GeorgeMore of the world's central banks plan to cut dollar allocations than increase them in the coming decade as political risks associated with the U.S. currency rise, an OMFIF survey of public investors released on Tuesday showed.It is the first time the survey, carried out by the Offic…
The rupiah slipped toward IDR 17,900 per dollar on Tuesday, extending prior losses as the U.S. dollar index stayed firm on expectations of further Fed tightening.Markets largely brushed aside remarks from a Bank Indonesia senior official, who pledged to deploy all available tools to stabilise the r…
Steven Englander, Managing Director, Global Head of G10 FX Research and North American Macro Strategy at Standard Chartered Bank, expects the US dollar index to continue edging higher, driven by structural forces rather than cyclical ones. He says AI-led productivity gains are lifting long-term rea…
The dollar could extend gains versus the yen if it holds above the 21-day exponential moving average, which is now at 161.00 yen, says Quek Ser Leang of UOB Global Economics & Markets Research in a note. "With USD/JPY in uncharted territory, there are few obvious technical reference points to ident…
India’s rupee opened weaker on Tuesday (June 30), slipping 3 paise to 94.57 against the US dollar compared with Monday’s (June 29's) close of 94.54/$, tracking losses in Asian peers and persistent dollar demand from importers.The domestic currency remained under pressure despite relatively stable c…
By Wayne ColeThe Australian dollar hit a fresh three-month low on Tuesday as the greenback extended its recent climb, while mixed messaging on the outlook for rates from the country's central bank kept yield spreads compressed.The Aussie slipped 0.3% to $0.6867 FX:AUDUSD, and was getting dangerousl…
The rupee opened three paise lower on June 30, dragged down by weak Asian cues while cautious traders awaited clearer trajectory signals. Importers accumulated the greenback to take advantage of the discounted levels.The currency was trading at 94.57 to a dollar after ending the previous session at…
China's yuan firmed against the U.S. dollar on Tuesday, as traders said exporter demand to convert dollar receipts at relatively strong levels helped keep the Chinese currency steady.The yuan remained one of Asia's best-performing currencies this year, though analysts said further gains would hinge…
