Latest Updates Around The World
The Indian rupee was little changed on Friday as pressure from weak local stocks and increased interbank demand for dollars accompanied a likely central bank intervention to defend the currency, traders said.The rupee closed at 90.6350 per dollar, down marginally from the closing rate of 90.59 in the previous session. The currency changed little week […]
The dollar held on to its gains on Monday as investors weighed what a Federal Reserve under Kevin Warsh might look like, with his preference for a smaller balance sheet. The yen was also back on traders’ radar after Japanese Prime Minister Sanae Takaichi discussed the benefits of a weaker yen in a campaign speech […]
An unusual interest rate check by the New York Federal Reserve has lowered the threshold for possible currency intervention in Japan, leading to a sharp rebound in the yen after months of weakness. However, according to Reuters, the prospects of a coordinated dollar selling campaign by Japan and the United States remain remote for now.The […]
Global shares were largely down on Monday, while in Asia the Japanese benchmark tumbled after the yen rose sharply against the US dollar.France’s CAC 40 fell almost 0.2 percent to 8,127.93 in early trading, while Germany’s DAX rose less than 0.1 percent to 24,881.34. Britain’s FTSE 100 fell less than 0.1 percent to 10,138.76. US […]
The yen languished near a record low against the euro on Monday after Bank of Japan Governor Kazuo Ueda stuck to his usual cautious rhetoric following a rate hike on Friday. The Japanese currency was trading near an 11-month low against the US dollar and just below a 17-month low against the Australian currency. A […]
