SINGAPORE – The Japanese yen strengthened on Wednesday after reports suggested the Bank of Japan (BOJ) is preparing markets for a possible interest rate hike as early as next month. Meanwhile, the New Zealand dollar surged following hawkish signals from the Reserve Bank of New Zealand. Read More: Dollar rises as yen faces intervention According to sources familiar with […]
BOJ
Dollar Weakens as U.S. Economic Worries and Trade Tensions Boost Yen and Euro
TOKYO – The U.S. dollar weakened on Friday as concerns about the economy and global trade tensions encouraged expectations of more interest rate cuts by the Federal Reserve. The dollar index, which tracks the greenback against a basket of currencies, was little changed at 98.23, but is set for its biggest weekly drop in almost […]
Japanese exports fall due to weak China demand, heaping pressure on economy
Japan’s exports fell for a fourth straight month in March as China-bound shipments slumped again, reinforcing growing anxiety that weak external demand is likely to have knocked first quarter economic growth. Ministry of Finance data out on Wednesday showed exports fell 2.4 percent in March from a year earlier, compared with a 2.7 percent drop […]