Category: Forex news

The Japanese yen had a brief reprieve after plunging to two-decade lows due to the Japanese policymaker’s comments on Monday. However, holidays confined the U.S. dollar to narrow ranges against most other major currencies. The

The U.S. dollar skyrocketed to a two-decade high against the Japanese yen on Friday. It also kept close to a two-year peak to the euro. More hawkish comments from Federal Reserve officials reinforced traders’ expectations

After touching its lowest since early March on Wednesday, the euro rose 0.12% to $1.09050 at 0835 GMT, ahead of the meeting. The ECB should hint at its coming policy amid record-high inflation and a

The euro plummeted on Thursday after the European Central Bank reiterated its plans to unwind stimulus slowly. It kept its policy stance broadly unchanged at its meeting. The common currency turned negative, dropping by 0.1%

The Japanese yen plunged lower than 126 per USD on Wednesday, falling so deep for the first time since 2002. The euro also traded at a one-month low today. Investors bought the greenback after hawkish

Though U.S. monthly underlying inflation pressures delivered some signs of moderation in Tuesday’s data, traders ramped up bets that the U.S. central bank will accelerate its monetary tightening measures this year. Also cogitating on the

The euro lost post-French election gains on Tuesday. It tumbled down against the strengthening dollar, which rallied thanks to high bond yields ahead of U.S. inflation data. Analysts expect the latter to reinforce bets on

After years of strengthening overseas production and supply chains, Japan’s manufacturers now see less advantage from a softer currency, company officials and economists express. The economic pain from a weaker yen has become stark now.