Forex
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japanese policymakers maintained their warning to investors against selling the yen on Thursday in the wake of the currency’s renewed slide beyond 150 to the dollar, a level seen by traders as authorities’ threshold for intervention. “It’s important for currency rates to…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar was modestly higher against a basket of currencies on Thursday after data showed the U.S. economy grew at its fastest pace in nearly two years in the third quarter, once again defying dire warnings of a recession that have lingered…
TOKYO (Reuters) -Japan will continue to respond to the currency market “with a strong sense of urgency,” Finance Minister Shunichi Suzuki told reporters on Friday, as the yen weakened past 150 against the U.S. dollar. “It’s important for currencies to move stably reflecting fundamentals,” Suzuki said. “Excessive currency volatility is…
By Tom Westbrook SINGAPORE (Reuters) – Investors are cutting the yen adrift, cooling on the idea that a big rally is just around the corner even as bets firm that a policy shift in Japan could come as soon as next week. Little by little, the view that the Japanese…
By Alexander Marrow MOSCOW (Reuters) – The rouble leapt to a more than six-week high against the dollar on Friday after the Bank of Russia hiked interest rates by more than expected to 15% before paring gains, with the currency also buttressed by exporters’ increased foreign currency sales. The central…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged down against a basket of currencies on Friday, pulled down by portfolio rebalancing, but was on track to end the week higher as fresh data reinforced the view the U.S. economy remains on a firm footing. U.S. consumer spending increased…
JPMorgan strategists are holding off on purchasing Turkey’s longest-maturity lira bonds until yields reach 35.7%. The team’s decision comes in response to the Central Bank of Turkey’s recent actions, which have driven the 10-year lira bond index to a record-high yield of over 29%. The Central Bank’s measures include a…
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s naira is on the brink of breaching 1,000 per dollar after falling to an official record low of 999 last week, Refinitiv data showed, tracing its weakness on the unofficial market where it trades freely. President Bola Tinubu removed Nigeria’s foreign currency controls…
By Elizabeth Howcroft and Andrew MacAskill LONDON (Reuters) -The United States on Friday said some firms in the digital asset space were not doing enough to stop the flow of illicit finance – a subject which has come under renewed scrutiny following the deadly attacks in Israel by Palestinian militant…
Investing.com– Most Asian currencies moved little on Friday as markets hunkered down before a series of major central bank meetings next week, while the Japanese yen strengthened slightly on strong inflation data, but remained close to a one-year low. The and both moved little in Asian trade, but retained most…