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FX intervention last straw for beleaguered yen
FX intervention last straw for beleaguered yen
2024-10-14
Asset managers joined hedge funds in increasing yen-bearish positions amid speculation the BOJ isn’t likely to rush to adjust its ultra-easy monetary policy.
Sterling Outpaces Euro Uncomfortably as Brexit Backfires
Sterling Outpaces Euro Uncomfortably as Brexit Backfires
2024-10-14
Sterling hit a 5-1/2 month high against the euro on Wednesday after data showing lower inflation in major European markets.The euro is down around 1.5% against the pound in May, which would be the biggest monthly decline since October.
U.K. Grilled by Higher-Than-Expected Inflation
U.K. Grilled by Higher-Than-Expected Inflation
2024-10-14
The BoE delivered more dovish tone than the Fed in saying the U.K. interest rates are around their peak though U.K. inflation looks more sticky and scorching. The latest reading unexpectedly rose to 10.4, breaking 3-month stretch of declines.
Euro Stabilizes After Rebounding from 2-Month Low
Euro Stabilizes After Rebounding from 2-Month Low
2024-10-14
The US dollar dipped from a two-month high but is set for a second consecutive weekly gain as weak labor market signals support faster Fed rate cuts.
Australian Dollar Rebounds from Mid-September Lows
Australian Dollar Rebounds from Mid-September Lows
2024-10-11
The US hovered near a two-month high on Thursday as markets grew confident in the Fed's patient monetary policy ahead of a key inflation report.
Loonie (CAD) Slumps to Seven-Week Low Against USD
Loonie (CAD) Slumps to Seven-Week Low Against USD
2024-10-11
The dollar moved sideways Wednesday, easing pressure on other currencies after last week's rally, while the loonie lingered near a seven-week low.
The Yen Was Off its Seven-Week Low
The Yen Was Off its Seven-Week Low
2024-10-11
The dollar held seven-week highs on Tuesday as investors cut rate-cut bets after a strong jobs report, while Middle East tensions weighed on it.
The Yen Dipped to its Lowest Level in Nearly Two Months
The Yen Dipped to its Lowest Level in Nearly Two Months
2024-10-11
The dollar rallied on strong US jobs data and escalating Middle East conflict, while the yen fell to its lowest level in nearly two months.
The Dollar Rose More Than 2% Last Week
The Dollar Rose More Than 2% Last Week
2024-10-04
The dollar rose on Monday, up over 2% last week. Investors will examine remarks from Fed officials this week after a major rate cut.
Eurozone Inflation Dropped to 1.8% Last Month
Eurozone Inflation Dropped to 1.8% Last Month
2024-10-04
The dollar gained support Thursday as the Fed is not expected to cut interest rates soon, while the euro stayed near a three-week low.
The Yen Stabilized Mid-Range Last Month
The Yen Stabilized Mid-Range Last Month
2024-10-02
The US dollar rallied Tuesday as Fed Chair Powell rejected expectations for large rate cuts, while the yen steadied mid-range.
China Yet Supports Commodity Currencies on Monday
China Yet Supports Commodity Currencies on Monday
2024-09-30
On September 30, 2024, China's stimulus supported commodity currencies, pressuring the dollar as core inflation eased to a near three-year low.
Dollar Set to Record 3rd Straight Month of Decline
Dollar Set to Record 3rd Straight Month of Decline
2024-09-30
The dollar wobbled on Friday, heading for a third month of declines as investors assessed Fed policy, while China's stimulus boosted risk currencies.
Swiss Franc Rises due to SNB Cuts Rates
Swiss Franc Rises due to SNB Cuts Rates
2024-09-27
The dollar remained steady on Thursday after its biggest rally since early June, as traders awaited key Fed speeches for hints on interest rate cuts.
The Euro Traded Close to the August High
The Euro Traded Close to the August High
2024-09-27
The dollar weakened as China's stimulus lifted risk appetite and expectations grew for a significant US rate cut in November.