The Japanese yen moved toward its strongest weekly performance in nearly fifteen months after gaining close to three percent, driven by renewed investor confidence following Prime Minister Sanae Takaichi’s election victory. Moreover, the rally surprised many traders who had expected political uncertainty to weaken the currency instead of strengthening it. Against the US dollar, the […]
US inflation
Gold rebounds as investors await US inflation data
Gold prices rebounded on Friday, recovering from a nearly one-week low recorded in the previous session, as investors awaited key US inflation data for guidance on the Federal Reserve’s interest rate path. Spot gold rose 0.6 per cent to $4,949.99 per ounce by 06:26 GMT, while US gold futures for April delivery climbed 0.4 per […]
Dollar edges higher as markets await U.S. inflation data
TOKYO – The U.S. dollar rose slightly against major currencies on Thursday as traders awaited the delayed release of U.S. consumer inflation data and digested renewed trade tensions between Washington and Beijing. The yen weakened to a one-week low against the dollar amid expectations of a major stimulus package from new Prime Minister Sanae Takaichi, […]
Ukraine crisis pushes US inflation to new four-decade high
WASHINGTON: Americans paid more for gasoline, food and other essentials last month amid an ongoing wave of record inflation made worse by Russia’s invasion of Ukraine, according to government data released Tuesday. The consumer price index (CPI) climbed 8.5 percent over the 12 months to March, the biggest jump since December 1981 and a sign […]