Investing.com – The U.S. dollar edged higher in early European trade Wednesday ahead of the conclusion of the latest Federal Reserve meeting, while the yen remained near its one-year low.  At 04:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded…

The Reserve Bank of India (RBI) is facing challenges in managing the volatility of the rupee due to a continuous decline in forex reserves, which fell by $2.36 billion to $583.53 billion for the week ending October 20th. This decrease occurred despite a $1.15 billion increase in the preceding week,…

The euro (EUR) experienced a volatile trading session yesterday, initially strengthening due to a weakening US dollar (USD), but later relinquishing gains as the USD rebounded and European Central Bank (ECB) rate hike expectations faded due to subdued inflation figures. The pound (GBP) largely traded without direction amidst a lack…

By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The battered yen recovered some ground on Wednesday on threats of intervention from Japanese authorities, and as investors shifted focus to the Federal Reserve’s policy decision later in the day. The dollar was last down 0.35% at 151.2 yen, after more…

Investing.com – The U.S. dollar edged higher in early European trade Tuesday, while the yen slumped after the Bank of Japan maintained its ultra-dovish stance.  At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 106.122. Bank…

TOKYO (Reuters) – Japan’s government confirmed on Tuesday that it did not intervene in the currency market to prop up the yen in the past month, data from the Ministry of Finance showed. The monthly Ministry of Finance data showed no spending on intervention between Sept. 28 and Oct. 27.…

The Bank of Japan (BOJ) has made a dovish adjustment to its Yield Curve Control (YCC) policy, leading to a weakened Japanese yen (JPY) against G-10 and Asian currencies. The adjustment has increased flexibility by placing a 1.0% upper end on the 10-year Japan Government Bonds (JGB) yield range as…

In a recent turn of events, the euro has strengthened while the Japanese yen has dipped, with the exchange rate reaching over 150.00. This movement is attributed to the Bank of Japan’s (BOJ) decision to maintain a 1% cap on the 10-year Japanese Government Bond (JGB) yield, alongside its -0.1%…

The US Dollar to Canadian Dollar () exchange rate has reached a one-year high, following an underwhelming performance of Canada’s economy in the third quarter of 2023. The flat Q3 GDP comes on the heels of a slight dip in Q2, falling short of the Bank of Canada’s growth projection…

By Jonathan Stempel NEW YORK (Reuters) -A Brooklyn man and a Montreal couple were charged on Tuesday in New York with scheming to violate U.S. sanctions by exporting millions of dollars of technology to Russia, including electronics supporting the Kremlin’s invasion of Ukraine. Salimdzhon Nasriddinov, 52; Nikolay Goltsev, 37, and…