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 Ankur BanerjeeThe yen was pinned at levels not seen since 1986 on Tuesday, stoking worries that a 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…
By Karen Brettell and Amanda CooperThe dollar dropped on Monday but remained near a 13-month high, supported by optimism over U.S. economic growth, the prospect of Federal Reserve interest rate hikes and a continuing AI-driven boom in U.S. equity markets that has been drawing in capital at a rapid…
By Karen Brettell and Amanda CooperThe dollar edged lower on Monday but remained near a 13-month high, supported by optimism over U.S. economic growth, the prospect of Federal Reserve interest rate hikes, and a continuing AI-driven boom in U.S. equity markets that has been drawing in capital at a r…
By Andy Bruce and Elizabeth PiperAndy Burnham, Britain's prime minister-in-waiting, vowed on Monday to deliver radical change to the nation's politics by handing more power to its regions and encouraging collaboration over argument in a 10-year mission to spur "good" growth.In a speech at the Peopl…
By Amanda CooperThe pound, set for its largest monthly drop since March, edged up on Monday as Andy Burnham, Britain's likely next prime minister, laid out his plans for the economy in his first speech since becoming a lawmaker.Burnham, who returned to Westminster this month after winning a parliam…
By Amanda CooperThe dollar was headed for its biggest monthly gain in nearly a year on Monday, supported by the growing chances of rate rises and optimism about the U.S. economy, as investors watched developments in the Gulf ahead of a key jobs report later this week.The U.S. and Iran traded fresh…
By Amanda CooperThe pound, set for its largest monthly drop since March, held steady on Monday ahead of a much-anticipated speech from Andy Burnham, Britain's likely next prime minister, which investors will scour for clues on his thinking on the economy.Burnham, who returned to Westminster this mo…
By Jiaxing LiThe U.S. dollar held firm on Monday, on track for its biggest monthly gain in nearly a year, as Gulf tensions and elevated Treasury yields underpinned demand ahead of key jobs data later in the week.The U.S. and Iran traded fresh barbs over the weekend before they agreed to stop tit-fo…
By Jiaxing LiThe U.S. dollar was on the defensive on Monday but remained on track for its biggest monthly gain in nearly a year, due to tension in the Gulf and ahead of jobs data that could shape the Federal Reserve's rate path.The U.S. and Iran traded fresh barbs over the weekend before they agre…
The U.S. dollar ended Friday slightly mixed but still posted a gain for the week as investors turned more cautious toward risk assets. The greenback came under pressure from falling U.S. Treasury yields, particularly at the short and intermediate maturities, and another sharp decline in crude oil p…
The dollar fell for a second straight session on Friday as recent economic data and a drop in oil prices slightly cooled expectations for Federal Reserve rate hikes, although the yen remained in territory that left it primed for an intervention.Despite the recent declines, the greenback was still u…
