Today: July 08, 2024
Today: July 08, 2024

Latest From Rae Wee and Harry Robertson

Economy

US dollar climbs to new 38-year peak vs yen; euro rises after French elections

The U.S. dollar surged to a fresh 38-year peak against the yen on Monday, as Treasury yields on the long end rose sharply, keeping investors on

US dollar climbs to new 38-year peak vs yen; euro rises after French elections
Business|Economy

Stocks dip as investors digest inflation data; bond yields up

Global stock indexes edged lower on Friday, reversing early gains as investors absorbed data that showed U.S. inflation was flat in May but in line with

Stocks dip as investors digest inflation data; bond yields up
Economy

US dollar eases after soft economic data; yen inches higher

The U.S. dollar drifted lower against most currencies on Thursday, pressured by softening data in the world's largest economy that backs expectations

US dollar eases after soft economic data; yen inches higher
Economy

US dollar advances after hawkish Fed comment, economic data

The U.S. dollar rose on Tuesday, bolstered by hawkish comments from Federal Reserve officials as well as data showing a stable housing market in the

US dollar advances after hawkish Fed comment, economic data
Economy|News|Political

Dollar struggles for direction, euro close to 1-1/2-month low

The dollar struggled for direction on Wednesday while the euro remained close to its recent lows on concerns that a new government in France could weaken fiscal

Dollar struggles for direction, euro close to 1-1/2-month low
Business

Gold rises, oil choppy after Iran attacks Israel

Gold prices rose on Monday, attracting some safe haven bids, while oil prices were choppy after Iran's retaliatory attack on Israel over the weekend stoked fears of a

Gold rises, oil choppy after Iran attacks Israel
Business

Yen on intervention watch; Asia shares subdued

The yen languished near its weakest in decades on Thursday though the threat of intervention from Japanese authorities kept investors leery of pushing the currency to

Yen on intervention watch; Asia shares subdued
Business

Dollar dips, yen draws support from Tokyo's jawboning

The dollar was on the back foot on Tuesday, owing to profit taking and pressured in part by a slightly stronger yen as Japanese government officials continued with

Dollar dips, yen draws support from Tokyo's jawboning
Business

Intervention threat curbs dollar's ascent towards new high on the yen

The dollar was on the front foot on Monday and kept the yen pinned near a multi-decade low, though the threat of currency intervention from Japanese authorities

Intervention threat curbs dollar's ascent towards new high on the yen
Business

Asia shares on a roll as SNB kicks off rate cuts

Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the

Asia shares on a roll as SNB kicks off rate cuts
Business

Dollar slips as Fed stays the course; Aussie jumps on jobs data

The dollar fell broadly on Thursday after the U.S.

Dollar slips as Fed stays the course; Aussie jumps on jobs data
Business

Yen holds nerve as BOJ decision looms; dollar resurgent

The yen dwindled near the 150 per dollar level on Tuesday but held its ground ahead of a pivotal policy decision from the Bank of Japan (BOJ), while the U.S. dollar

Yen holds nerve as BOJ decision looms; dollar resurgent
Business

Asia stocks steady; Nikkei bruised by BOJ pivot bets

Asian shares held near seven-month highs on Thursday though traded mostly sideways as investors awaited fresh catalysts that would provide further clarity on the

Asia stocks steady; Nikkei bruised by BOJ pivot bets
Business

Asia shares strike seven-month high ahead of US jobs data

Asian stocks rose to a seven-month peak on Friday, tracking global peers as investors cheered the prospect of an imminent rate easing cycle led by major central banks,

Asia shares strike seven-month high ahead of US jobs data
Business

Dollar firms ahead of busy data week with US inflation in focus

The dollar was on the front foot on Monday ahead of a packed week filled with key economic releases that will provide further clues on the global interest rate outlook

Dollar firms ahead of busy data week with US inflation in focus
Business

Dollar rangebound, an array of PMI data awaited

The dollar held broadly steady on Thursday as traders awaited a slew of business activity surveys to gauge the health of major economies and what that may mean for the

Dollar rangebound, an array of PMI data awaited
Business

Dollar firms past 150 yen as US, Japan rates outlook diverge

The yen was pinned near a three-month low against the dollar on Tuesday as sticky U.S. inflation bolstered the case for higher-for-longer interest rates, contrasting

Dollar firms past 150 yen as US, Japan rates outlook diverge
Business

Asia stocks edge down; dollar rides Treasury yields higher

Asian shares tracked a negative lead from Wall Street on Wednesday, while the dollar and Treasury yields jumped as traders pared back expectations for the pace and

Asia stocks edge down; dollar rides Treasury yields higher
Business

Dollar nears 150 yen ahead of US inflation test; bitcoin buoyant

The dollar flirted with the psychological threshold of 150 yen on Tuesday and held broadly steady ahead of a key reading on U.S. inflation due later in the day, while

Dollar nears 150 yen ahead of US inflation test; bitcoin buoyant
Business

Asia stocks head for monthly loss as China drags; FOMC looms

Asian shares fell broadly on Wednesday, while the Australian dollar slid after surprisingly soft domestic inflation data and short-dated Treasury yields stayed

Asia stocks head for monthly loss as China drags; FOMC looms
Business

Asia stocks struggle as China drags, rate cut bets dwindle

Asian shares were off to a tepid start on Thursday, weighed down by a murky economic outlook in China and expectations the global rate easing cycle may not come as

Asia stocks struggle as China drags, rate cut bets dwindle
Business

Dollar retreats, bitcoin jumps ahead of ETF approval deadline

The dollar paused its rally on Tuesday, as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year on the belief that inflation in the U.S. is

Dollar retreats, bitcoin jumps ahead of ETF approval deadline
Business

Dollar rebounds as traders rethink Fed rate cut expectations

The dollar edged higher on Thursday as investors reassessed their expectations of the scale of rate cuts by the Federal Reserve this year, with an air of caution

Dollar rebounds as traders rethink Fed rate cut expectations
Business

Dollar struggles to gain footing in thin trade; yen steady

The dollar was trying to find a floor on Tuesday in holiday-thinned trade, pressured by signs that inflation in the world's largest economy is cooling that will likely

Dollar struggles to gain footing in thin trade; yen steady
Business

Asian stocks mixed ahead of Fed decision; oil prices slump

Asian shares were mixed on Wednesday, while oil prices slid to six-month lows as traders waited for the year's final policy decision from the Federal Reserve and clues

Asian stocks mixed ahead of Fed decision; oil prices slump

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