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Markets 3 years ago
Yen soars to 4-month peak after surprise BOJ policy tweak
The yen surged to a four-month peak against the dollar on Tuesday after the Bank of Japan said it would review its yield curve control policy and widened the trading band for the 10-year government bond yield in an unexpected tweak.
Markets 3 years ago
Dollar holds firm as China's COVID-related worries weigh
The dollar held its overnight gains on Tuesday as concerns about unrest in China over COVID-19 restrictions dampened market sentiment, and as hawkish remarks from Federal Reserve officials gave the greenback an additional leg up.
Markets 3 years ago
Dollar gains as China COVID worries spur safe-haven buying
The US dollar was firmly higher against major currencies on Monday, while China's yuan slipped as sentiment was soured by rising COVID cases and tightening restrictions in some cities in the world's second-biggest economy.
Markets 3 years ago
Safe-haven dollar gains as traders assess risks from Poland
The safe-haven US dollar edged higher against major peers on Wednesday as markets continued to assess news of a Russian-made rocket striking NATO-member Poland, and whether it could lead to an escalation of the Ukraine war.
Markets 3 years ago
China leads Asia stocks higher, dollar advances as rate hikes loom
Asian equities rose on Friday, boosted by Hong Kong and China stocks, while the dollar was set for its best week in more than a month as investors priced in the prospect of the Federal Reserve taking interest rates above 5 percent next year.
Markets 3 years ago
Dollar strengthens as Fed expected to stay hawkish, yen fragile
The dollar firmed on Monday after strong consumer spending data pointed to persistent underlying inflation pressure, cooling bets that the US Federal Reserve could flag a slowdown in its aggressive interest rate hikes.
Markets 3 years ago
Dollar eases amid bets on less hawkish Fed, sterling firm
The safe-haven US dollar eased against peers on Tuesday amid signs Federal Reserve rate hikes are already putting the brakes on the world's biggest economy, while risk sentiment improved with Rishi Sunak about to become Britain's prime minister.
