The U.S. dollar rallied on Friday as traders were busy closing short positions after the Fed meeting. The dollar index skyrocketed, hitting a more than two-month high of 92.010. It is currently on track for a 1.6% weekly gain, its largest since September. Meanwhile, the dollar’s rival currencies struggle as they remain under pressure due to the …
Yen, Euro and Sterling Tumbled Down Against the U.S. Dollar Read More »
The Pound Japanese Yen exchange rate tumbled down today after the Japanese economic index for April beat forecasts, soaring to 103. Currently, the GBP/JPY pairing is fluctuating around ¥154.88. The Japanese Yen rallied thanks to the leading index figure, which skyrocketed to a seven-year high in April. This index measures the nation’s economic activity. So, …
The Japanese Yen Rallied Against the British Pound Read More »
The U.S. dollar traded near a two-month high against the Japanese yen on Monday. Investors expect the Federal Reserve to taper its asset-buying eventually, especially after a key measure of U.S. inflation showed stronger price gains than expected. The new data boosted the dollar against the other currencies for a while. However, it steadied again during a …
U.S. Dollar Steadied on Monday. What About the Japanese Yen? Read More »
The U.S. dollar tumbled down near its lowest level in three months while the Euro skyrocketed on Monday. Investors contemplated the possibility of the Federal Reserve’s tapering its stimulus spending soon. They don’t believe it fully that soaring U.S. inflation is transient, as the agency maintains in its comments. The dollar index traded at 90.045 …
U.S. Dollar Fell Against the Euro Today. What About the Yen? Read More »
Association of Southeast Asian Nations (ASEAN) Finance ministers and central bank governors, including China, Japan, and South Korea, vowed to strengthen regional financial cooperation. This is as they cushion the economies of countries hit hard by the COVID-19 pandemic. A statement read that they expect a rebound in 2021 as the recovery gathers momentum. It …
ASEAN Plus China, Japan, S. Korea to Boost Financial Ties Read More »
The dollar climbed up on Wednesday, its index trading at 91.004 after plunging to the low of 90.679 on Monday. This is its weakest level since March 3. Traders are waiting to see how the U.S. Federal Reserve’s policy meeting ends today. They are also looking forward to President Joe Biden’s speech later on Wednesday. …
The U.S. Dollar Rebounded Wednesday. Japanese Yen Plunged Low Read More »
The U.S. dollar remained near multi-week lows against the major currencies on Tuesday. Declining Treasury yields weighed on the greenback ahead of the Federal Reserve’s policy decision this week. Besides, stocks rallied worldwide during this week, hitting record highs. The safe-haven dollar was out of favor as investor confidence in a rapid global recovery from …
The U.S. Dollar Remains Low. What About the Euro and Yen? Read More »
In Japan, concerns about a new wave of coronavirus infections are rising fast. Albeit, the country, so far, has fewer COVID-19 cases, as compared to many Western countries. Japanese companies are bracing for the fourth round of coronavirus infections. A monthly poll showed that many expect a new wave to further hit their businesses after …
Japanese Companies Fear a New Wave of COVID-19 Infections Read More »
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