In recent days, Goldman Sachs has been closely observing the erratic behavior of the currency pair, which has been characterized by abrupt fluctuations. The Japanese Yen (JPY) has been steadily depreciating against the US Dollar (USD) since the end of July, a trend that took a sudden turn on Tuesday…

By Hari Kishan BENGALURU (Reuters) – Foreign exchange strategists are sticking with their forecasts for a weaker dollar despite having been wrong-footed for years in predicting a downturn in the greenback, the latest Reuters poll showed. The dollar hit an 11-month high this week and is up nearly 3.5% this…

By Brigid Riley TOKYO (Reuters) – The yen and euro received some much needed relief on Thursday as the dollar and U.S. Treasury yields both stalled after U.S. private payrolls growth slowed sharply, leading investors to reduce bets the Federal Reserve will hike rates again this year. After touching an…

By Roushni Nair (Reuters) – Bearish bets on most Asian currencies were raised, a Reuters poll found on Thursday, as the possibility of higher-for-longer U.S. interest rates and the unprecedented surge in oil prices triggered a move away from riskier assets and towards the safety of the greenback. Short positions…

Investing.com – The U.S. dollar edged lower Thursday after weak employment data resulted in a moderation in U.S. Treasury yields, while the euro gained despite the weak economic outlook. At 03:40 ET (07:40 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1%…

JOHANNESBURG (Reuters) – South Africa’s central bank Governor Lesetja Kganyago said on Thursday that his worry was inflation and that the rand exchange rate was out of the bank’s control. There is a realignment of exchange rates globally and the rand is no exception, Kganyago added. Read the full article…

The currency pair has been grappling with a variety of factors during Thursday’s Asian trading session, including USD dynamics, the Federal Reserve’s hawkish stance, and the Bank of England’s (BoE) unexpected pause in rate hikes. The pair’s performance has also been shaped by key economic indicators such as the ADP…

By Milounee Purohit BENGALURU (Reuters) – The Indian rupee will trade in a tight range over the coming months as the Reserve Bank of India continues to intervene in the market to shield the currency against a strong U.S. dollar, according to a Reuters poll of FX analysts. Although most…

The Reserve Bank of India (RBI) has stepped into the forex market this Wednesday, potentially employing a Sell Buy Swap strategy to stabilize the rupee, which has been under pressure due to soaring US Treasury yields. This move comes as the US Treasury yields reached a peak of 4.88%, according…

A look at the day ahead in European and global markets from Ankur Banerjee The “will-they-won’t-they” discussion over yen intervention has now morphed to “did-they-didn’t-they” speculation, after the Japanese currency briefly breached 150 per dollar in U.S. trade and then abruptly reversed course, strengthening to 147.30. Tokyo has not confirmed…