Asia FX drifts lower on hawkish Fedspeak, weekly losses on tap By Investing.com
© Reuters By Ambar Warrick Investing.com — Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that […]
Dollar slips lower; recession fears mount By Investing.com
© Reuters By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Thursday, continuing its recent selloff after weak U.S. economic data hinted at an upcoming recession, providing more arguments for the to slow down its aggressive interest rate increases. At 03:15 ET (08:15 GMT), the , which tracks the greenback […]
Asia FX weakens on recession woes, yen supported by yield cap bets By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies retreated on Thursday as weak U.S. economic data pushed up fears of a potential recession, while the Japanese yen recouped most of its recent losses on speculation that the Bank of Japan may yet increase its yield control range. The was the best performing Asian currency for […]
Dollar edges lower, while yen slumps after BOJ’s surprise inaction By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Wednesday, with the focus mainly on the falling Japanese yen after the Bank of Japan maintained its accommodative stance, bucking expectations for a hawkish policy shift. At 03:05 ET (08:05 GMT), the , which tracks the greenback against a […]
Asia FX slips on recession fears, yen battered by dovish BOJ By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies fell on Wednesday amid growing concerns over a global economic slowdown this year, with the Japanese yen plummeting after the Bank of Japan maintained its accommodative stance. The was the worst-performing Asian currency for the day, tumbling 2.6% to 131.47 against the dollar – one […]
Japanese yen, bond yields tumble after BOJ holds yield control range By Investing.com
By Ambar Warrick Investing.com– The Japanese yen and benchmark bond yields fell sharply on Wednesday after the Bank of Japan maintained its yield curve control range, ducking market expectations for a further widening in the bank’s policy. The fell over 2% to 130.97 against the dollar, pulling back sharply from an eight-month high hit earlier this […]
Yen eyes further lift as traders probe BoJ defense ahead of meeting By Investing.com
© Reuters. By Yasin Ebrahim Investing.com — The yen creeped higher against the dollar Tuesday, riding a wave of hawkish bets on the Bank of Japan moving further away from its dovish stance ahead of a monetary policy update due overnight Wednesday. fell 0.26% to 128.20 The Bank of Japan is expected to stand pat […]
Dollar edges higher for now; more weakness likely By Investing.com
© Reuters By Peter Nurse Investing.com – The U.S. dollar edged off its recent seven-month low Tuesday, while the Japanese yen slipped lower ahead of a widely-anticipated Bank of Japan meeting. At 03:20 ET (08:20 GMT), the , which tracks the greenback against a basket of six other currencies, rose 0.1% to 102.005, bouncing from […]
Chinese yuan sinks on mixed GDP, Asia FX rattled by recession fears By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies fell on Tuesday amid renewed fears of a global recession this year, with the yuan among the worst performers as data showed Chinese economic growth was pummeled by COVID lockdowns in 2022. The fell 0.4% to 6.7611, coming off a near five-month high after data […]
EUR/USD 2023 forecast, as per forex strategists By Investing.com
© Reuters. By Senad Karaahmetovic Investing.com — price has had a strong couple of months. The major hit a 20-year low in September 2022 when it traded in the low 0.95s. EUR/USD has hit a major resistance line in recent days, signaling a pullback may be occurring soon. As of January 16, 09:05 ET (14:05) […]