Dollar steady, Thanksgiving looms as yen testTraders remained cautious as the yen faced potential intervention, with Japan's finance minister issuing strong warnings. Meanwhile, the Br...
Many exporters no longer want dollars, US bank executive saysGlobal trade sees a shift. Overseas vendors prefer currencies other than the US dollar. Euro, Chinese Renminbi, Mexican Peso, and Canadian ...
Asian stocks slide, oil and gold jump after Israel strikes IranAsian equity-index futures saw gains following positive Wall Street performance driven by cooling US inflation data, bolstering expectation...
Dollar takes a breather; yen waits on BOJThe dollar stabilized despite weak U.S. data, buoyed by hopes of easing trade tensions, particularly with China. Investors are closely watc...
US dollar rebounds against safe-haven currencies after Trump pauses tariffsThe U.S. dollar rebounded against safe-haven currencies including the yen and Swiss franc after President Donald Trump announced a 90-day p...
Dollar hovers ahead of PCE and tariff onslaughtThe dollar is heading for a steady week and next week's quarterly loss due to concerns over tariffs slowing U.S. growth, affecting yields, ...
Nagpur rises as a fintech powerhouse, Corpay Technologies leads the wayIndia's IT sector rapidly evolves with Generative AI (GenAI), transforming industries through AI-driven automation and intelligent decision...
Euro jump, rising yen put brakes on the dollarThe euro surged to a four-month high following hawkish comments from an ECB policymaker, while the yen strengthened on rate hike bets. The ...
Leveraged funds' yen net short position shrinks on carry trade unwindLeveraged funds' net short positions on the Japanese yen decreased significantly to 24,158 contracts from about 70,000 the prior week, as s...
Yen jumps on possible intervention, sterling hits one-year highThe yen has posted several outsized moves in recent days, appreciating sharply on Thursday and Friday from 38-year lows of 161.96 per dolla...
Dollar edges down after US jobs data; pound firm after UK electionThe U.S. dollar index fell slightly on Friday after data showed U.S. job growth slowed marginally in June while the unemployment rate rose,...
Japan's yen hits new 34-year low; US dollar rises after inflation dataThe dollar soared to a fresh 34-year high against the yen on Friday, bolstered in part by U.S. inflation data that showed no signs of easin...
Indexes gain after Fed says it sees lower borrowing costs in 2024The Dow Jones Industrial Average rose 218.31 points, or 0.6%, to 36,796.25, the S&P 500 gained 29.85 points, or 0.64%, to 4,673.55 and the ...
US dollar eases after blowout jobs number"This morning's data pushed expectations for the first rate cuts further into late 2024, but failed to convince market participants of anot...
US debt ceiling impasse pushes government credit default swaps to record highSpreads on U.S. one-year credit default swaps (CDS) - market-based gauges of the risk of a default - widened to 172 basis points, an all-ti...
Dollar edges higher as U.S. data lends support; yen holds gainsThe number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to a still-tight labor...
Euro rises vs dollar after ECB hikes faster than flaggedThe ECB raised its benchmark deposit rate to 0%, breaking its own guidance for a 25 basis point move as it joined global peers in jacking u...