The US dollar remained steady on Wednesday as investors balanced geopolitical risks with expectations around future interest rate moves by the Federal Reserve. Market participants largely stayed cautious while waiting for the latest policy meeting minutes, which could offer clearer signals on possible rate cuts. Meanwhile, the Japanese yen held its ground after improved business […]
currency markets
Dollar rises as Trump signals Fed pick, shutdown fears ease
TOKYO: The U.S. dollar rose on Friday, trimming its weekly losses, after President Donald Trump said he would soon announce his nominee to lead the Federal Reserve and as optimism grew that Washington would avoid a government shutdown. Read More: Dollar weakens amid ‘sell America’ trade, Yen slumps too Trump said he planned to name his […]
Sterling hits 12-week high as dollar weak
The British pound climbed to its highest level in nearly three months against the US dollar on Tuesday, supported by signs of resilience in the UK economy and a broad weak of the greenback. Sterling rose 0.42% to $1.3517, its strongest level since October 1, extending gains from last week. Read More: Rupee gains three […]
Yen steadies as Japan signals readiness to intervene
The Japanese yen edged higher on Tuesday as broad U.S. dollar weakness combined with fresh warnings from Tokyo that it stands ready to act against excessive currency moves. The rebound offered brief relief after the yen hovered near multi-month lows against major peers. Read More: Japan approves massive stimulus to boost struggling economy Japanese officials delivered […]
Yen rises, Kiwi jumps as central banks signal policy shifts
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 […]
Dollar rises as yen faces intervention
SINGAPORE — The U.S. dollar is on track for its strongest weekly performance in over a month as investors bet the Federal Reserve is unlikely to cut rates next month, following a mixed U.S. jobs report. The delayed September nonfarm payrolls showed employment growth accelerated, but the unemployment rate climbed to 4.4%, the highest in […]