The is displaying signs of considerable strain, edging towards the boundary of its 2% fixed trading band against the dollar. This movement reflects the mounting pressures from a robust dollar and escalating real estate difficulties in China. The currency has depreciated over 1.9% from its daily reference rate this week,…

Investing.com – The U.S. dollar rose Tuesday, climbing to 10-month highs after bond yields soared to 16-year peaks amid growing expectations that U.S. interest rates will rise further this year. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded…

JP Morgan Chase (NYSE:) & Co’s recent announcement to include Indian government bonds in its emerging markets bond index from June 2024 is expected to bring substantial benefits to India’s economy, including a boost for the Indian rupee and an influx of foreign investment. The announcement aligns with India’s economic…

The German government has announced a reduction in its planned federal debt sales for Q4 2023, marking a significant decrease from its previously outlined plan. The cutback, which signals a decrease in financial aid for corporations and households grappling with escalating energy expenses, amounts to €31 billion ($33 billion). This…

By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s finance minister said on Tuesday that authorities won’t rule out any options in dealing with excessive currency volatility, underlining a warning that has kept traders on alert for intervention to prop up the weak yen. Pressured by Japan’s ultra-easy monetary policy, the currency has…

South Korea is gearing up to implement substantial modifications to its foreign-exchange (forex) trading regulations with the aim of invigorating its money market, announced the Ministry of Economy and Finance on Tuesday. The revised regulations, set to take effect from October 4, 2023, are anticipated to more than double the…

The US dollar has seen an uptick against major currencies, including the Euro (EUR), British Pound (GBP), Swiss Franc (CHF), and Canadian Dollar (CAD) on Tuesday. This comes as US yields, including the 2-year at 5.18%, 5-year at 4.632%, and 10-year at 4.560%, have shown a rising trend. Meanwhile, major…

By Karen Brettell NEW YORK (Reuters) – The hit a 10-month high on Tuesday while the Japanese yen came closer to the key 150 level, where Japanese officials are seen as potentially intervening to shore up the currency. Benchmark 10-year U.S. government bond yields have jumped to 16-year highs this…

The British Pound (GBP) concluded last week on a downbeat note due to a significant contraction in the U.K.’s service sector, which accounts for over 70% of the country’s GDP, according to recent surveys. The downturn has heightened recession fears and led to speculations that the Bank of England (BoE)…

Investing.com — The pound on Monday looked set to wrap up the third quarter at the end of week with hefty losses against the dollar, and likely faces uphill battle ahead as sterling bulls are throwing in the towel to join the bears in forecasting doom and gloom for the currency…