The South African rand edged higher against a weaker dollar in early trade on Thursday, as investors awaited the U.S. nonfarm payrolls report for cues on the Federal Reserve's monetary policy path.Here are a few details:
Integral has added Lloyds to its foreign exchange network as a liquidity provider, giving the UK bank a route to stream currency pricing to institutional clients that already run the vendor's technology. The Palo Alto-based currency technology firm announced the move on Thursday.Integral said its c…
By Harry Robertson and Rae WeeThe yen jumped suddenly against the dollar on Thursday, with traders alert to the prospect of intervention from Japan to prop up its stubbornly weak currency and jumpy about a possible new approach to currency-buying from Japanese officials.It was not immediately clear…
The Japanese yen jumped nearly 1% toward 161 per dollar on Thursday before trimming its gains, rebounding from four-decade lows as traders stayed on high alert for possible currency intervention.The move followed a Reuters report that Japan may stop signaling its intervention plans in advance, unli…
BMLL and Exponential Technology have launched a data product that tries to answer a question equity traders have long chased: when a stock moves, is it institutions or retail investors doing the buying?The two firms said today (Thursday) that the tool, XTech US Equity Flow, breaks down US order boo…
Round-up of South Korean financial markets:** South Korean shares fell nearly 8% on Thursday and posted their lowest close in more than three weeks, dragged down by a global selloff in chipmakers as Meta Platforms' plan to sell computing power raised questions over excess AI capacity. The won weake…
The yen jumped suddenly against the dollar on Thursday, with traders alert to the prospect of intervention from Japan to prop up its stubbornly weak currency.The dollar fell by as much as 0.9% to 161.115 FX_IDC:USDJPY and was last trading at 161.75.It was not immediately clear what drove the market…
By Jaspreet Kalra and Dharamraj DhutiaThe Indian rupee gave up early gains on Thursday as central bank intervention waned by midday, while dollar demand related to arbitrage trades between the non-deliverable forward and onshore market picked up.The rupee FX_IDC:USDINR rose to a peak of 94.9375 in…
0631 GMT - The dollar edges lower ahead of the U.S. nonfarm payrolls report at 1230 GMT as investors look for evidence on whether the Federal Reserve should raise interest rates as markets expect. With the U.S. and Iran signing a memorandum of understanding in June to end the war, the U.S. labor ma…
The dollar edges lower ahead of the U.S. nonfarm payrolls report at 1230 GMT as investors look for evidence on whether the Federal Reserve should raise interest rates as markets expect. With the U.S. and Iran signing a memorandum of understanding in June to end the war, the U.S. labor market comes…
Risk of FX intervention is higher when the yen is underperforming, which the currency has only just begun to do, says RBC Capital Markets' Abbas Keshvani in an email. "For now, JPY is not as weak against Japan's major trading partners' currencies as it was before previous rounds of intervention," t…
By Satoshi SugiyamaThe dollar held tight ranges on Thursday as markets awaited key U.S. jobs data for clues on the rates outlook, while the yen's slide to 40-year lows against the greenback and thin trade ahead of a U.S. holiday kept traders on high alert for intervention.The dollar index TVC:DXY…
By Cynthia Kim and Yena ParkSouth Korea's vice finance chief on Thursday said Seoul is closely communicating with Japan and other key allies on foreign exchange issues, and warned that the won has become significantly misaligned relative to economic fundamentals."We are always working closely with…
0532 GMT - The U.S. Treasury yield curve has flattened over recent weeks despite an offsetting fall in inflation expectations, and could even invert, Capital Economics' James Reilly says in a note. "We wouldn't be surprised if this curve inverted, but we don't think a U.S. recession is likely," the…
By Dharamraj DhutiaThe Indian rupee was stuck in a narrow range after opening higher on Thursday, with the central bank likely stepping in to shore up the currency that had slipped to a near three-week low in the previous session.Four traders Reuters spoke to cited dollar sales from state-run banks…
Sodexo: Negative Currency Impact Driven by the Depreciation of the U.S. Dollar
There seems to be a high chance for joint U.S.-Japan foreign-exchange intervention to prop up the yen, TD Securities' Macro Research team says in a research report. In a media interview reported Wednesday, Japanese top currency diplomat Mimura's "repeated mention of the U.S. is an attempt to jawbon…
Robinhood used a London keynote billed as "The World is Flat" to confirm what UK customers have been waiting for: crypto trading is coming to Britain. In the same announcement, the company revealed it is significantly widening its perpetual futures offering across the wider European market.The dual…
The U.S. dollar may be emerging from nearly a year of stagnation, with strategists increasingly arguing that the world's reserve currency is poised for a more sustained advance.The U.S. dollar index has spent the past 11 months in a relatively narrow range. But experts highlighted that recent price…
If Japan's Prime Minister Sanae Takaichi uses her "Basic Policy" economic blueprint--for which Cabinet approval is expected this month--to discourage additional interest rate hikes, it could push back the timing of the Bank of Japan's next move, says Nomura Research Institute economist Takahide Kiu…
