NEWYORK/LONDON/TOKYO (Reuters) – The yen weakened to 150 to the dollar on Tuesday, a level some analysts think could prompt concerned Japanese authorities to intervene to prop up the currency. The dollar rose as high as 150.165 yen, its highest since October 2022, as the greenback pushed higher against most…

On Tuesday, the South African rand depreciated against the US dollar, a development attributed to unfavorable local economic data and rising US Treasury yields. The ABSA Manufacturing PMI’s decline signaled a growing divergence between the South African and US economies. This disparity was further highlighted by the hawkish remarks made…

The US dollar has surged to a ten-month peak, reaching a 107.16 level on the , influenced by hawkish views from the Federal Reserve and 16-year high Treasury yields, as reported on Tuesday. This development comes as investors anticipate a longer period of restrictive monetary policy due to broad economic…

The South African rand experienced a significant downturn this Tuesday, continuing a week of losses driven by a robust U.S. dollar and increasing U.S. Treasury yields. The currency traded at 19.2525 against the dollar, marking a 0.2% drop from its previous close. Monday saw the rand slump by approximately 1.5%,…

HSBC has maintained a bearish stance on the currency pair, citing its three-month underperformance. This comes as the Reserve Bank of Australia (RBA) governor Michele Bullock continues to keep rates steady despite potential future monetary tightening. The Australian dollar has depreciated against a robust US dollar amidst a negative risk…

By Chuck Mikolajczak, Saqib Iqbal Ahmed and Lucy Raitano NEW YORK/LONDON/TOKYO (Reuters) -The yen strengthened sharply against the dollar on Tuesday, leading some market participants to believe Japanese policymakers had intervened to support the currency, although others said the size of the move was not convincing enough. Traders have been…

The Indian rupee weakened on Tuesday, moving from its Friday close of Rs 83.04 to Rs 83.21 against the US dollar, according to Bloomberg data. This shift is largely attributed to the Federal Reserve’s hawkish outlook that has led to an increase in Treasury yields and a strengthening of the…

By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Tuesday that any decision on currency market intervention would be based on volatility, not specific yen levels, as investors brace for a possible move if the yen breaches the 150-per-dollar threshold. Authorities are watching the currency market…

A look at the day ahead in European and global markets from Ankur Banerjee Traders remain in vigilance mode over the prospects for Japanese currency intervention as the yen crawls ever so close to 150 per dollar, victim to a strong dollar that scaled a fresh 10-month peak against its…

JAKARTA (Reuters) – Indonesia’s central bank kept a presence in the foreign exchange market to maintain a supply-demand balance and build market confidence, an official said on Tuesday, using a phrase the bank typically uses to describe currency intervention. The rupiah’s depreciation was due to sentiment against risky assets related…