Global shares fell on Tuesday, crushed by a surge in U.S. bond yields that lifted the dollar after Federal Reserve officials served a reminder that borrowing costs won’t drop any time soon. The Fed’s outlook has pummelled other rate-sensitive assets such as oil, which slipped again on Tuesday. U.S. 10-year Treasury yields have soared above…
Russian rouble weakens past 100 to the dollar. The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on Tuesday, weighed down by foreign currency outflows and the country’s shrinking current account surplus. The rouble’s last tumble into triple digits in August led the Bank of…
Here is what you need to know about the important news between October 02th 2023 and October 06th 2023, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key…
Dollar within striking distance of 150 yen. The dollar began the last quarter of the year in the ascendant on Monday due to prospects of U.S. interest rates staying higher for longer, and the yen’s slide to a near one-year low put traders on watch for intervention by Japanese authorities. Currency moves were subdued in…
Asia FX muted as dollar, yield rally cools before inflation data. Most Asian currencies moved little on Friday, but stemmed some recent losses as the dollar came off 10-month highs and Treasury yields stalled before key U.S. inflation data due later in the day. Regional currencies were battered by a spike in the dollar and…
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines that had the most impact on the financial market – and may continue to into the future for the US Dollar and other key correlated…
Dollar steady near 10-month high. The dollar clung close to a 10-month high against a basket of its peers on Thursday, keeping the yen near a key intervention zone as investors size up upbeat U.S. economic data and fresh comments from Federal Reserve officials. As the dollar held firm, the euro and sterling struggled to…
Asia FX muted, Japan currency intervention in focus. Most Asian currencies kept to a tight range on Wednesday amid continued fears of higher U.S. interest rates, while recent slumps in the Chinese yuan and Japanese yen saw traders watching for currency market intervention from their respective governments. The Japanese yen hovered around the 149 level…
U.S. Treasury yields hit a peak not seen since the early tremors of the 2007-2008 global financial crisis on Tuesday, as fears of interest rates staying high for longer roiled risk assets globally and drove the dollar to a 10-month high. Asian and European stock benchmarks sagged, with U.S. equities set to follow suit, and…
Asia FX dips, dollar steadies at 10-mth high. Most Asian currencies fell slightly on Tuesday, while the dollar steadied at its highest levels for the year on growing bets that U.S. interest rates will rise further this year. The dollar index and dollar index futures rose slightly in Asian trade, as hawkish comments from Minneapolis…
Here is what you need to know about the important news between September 25th, 2023, and September 29th 2023, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key…
Asian shares slip after brutal central bank week. Asian shares fell on Monday, dragged by China, after central banks last week reinforced the message that interest rates would stay higher for longer, while investors braced for inflation data from the U.S. and Europe. The yen was jittery near the closely watched 150 per dollar level…
The yen fell sharply on Friday after the Bank of Japan (BOJ) kept interest rates in negative territory days after the Federal Reserve signalled U.S. borrowing costs would stay high, piling pressure on the Japanese currency. Meanwhile, the U.S. dollar index was on track for its 10th consecutive weekly increase in the wake of the…
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines that had the most impact on the financial market – and may continue to into the future for the US Dollar and other key correlated…
Asia FX muted, yen drops after BOJ keeps dovish course. Most Asian currencies moved little on Friday as markets continued to fret over higher U.S. interest rates, while the yen came close to 10-month lows after the Bank of Japan maintained its ultra-dovish policy. The dollar remained relatively well-bid in Asian trade, recovering a measure…
Dollar rallies, yen under pressure. The dollar hit fresh peaks against a handful of currencies on Thursday, sitting around its highest versus the yen since early November, after the U.S. Federal Reserve struck a sternly hawkish tone after holding rates steady. Sterling and the euro sank to fresh multi-month lows as questions ramp up about…
Dollar drifts ahead of central bank meeting. The dollar traded sideways on Tuesday as investors braced for a slew of central bank meetings this week, while the yen languished near a 10-month low as Japan’s ultra-loose monetary policy once again came under fire. Currency moves were largely subdued in Asia trade as the Federal Reserve’s…
Here is what you need to know about the important news between September 18ths 2023 and September 22nd 2023, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key…
Asia FX dips, dollar near 6-mth peak before Fed. Most Asian currencies fell on Monday, while the dollar steadied near six-month highs as markets hunkered down before several key central bank rate decisions this week, most notably the Federal Reserve. Lingering concerns over China, particularly the country’s struggling property market, also kept broader sentiment subdued.…
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines that had the most impact on the financial market – and may continue to into the future for the US Dollar and other key correlated…