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Currency Markets

All articles tagged with #currency markets

markets22 days ago

Global Markets Rise Following U.S. Record Highs and Tech Gains

Global stocks reached record highs driven by strong US economic data, while commodities like gold, platinum, and silver also hit new records. The US dollar weakened, and currency markets showed signs of intervention and strength in Asian currencies. Market sentiment remains optimistic with expectations of a year-end rally, despite some concerns over valuations and inflation. Traders are also anticipating a potential shift in Federal Reserve policy with a dovish bias in the near future.

via Bloomberg.com|
#currency-markets#market-outlook#markets
world3 months ago

Markets React to Political Changes in Japan and Europe

The Japanese yen fell sharply against the dollar and euro amid political uncertainty with Sanae Takaichi poised to become Japan's first female prime minister, leading to expectations of delayed BOJ rate hikes. Meanwhile, the euro declined after France's new prime minister resigned, adding to political instability in Europe. U.S. markets are also influenced by the lack of economic data and expectations of a rate cut by the Fed in October.

via Reuters|
#currency-markets#euro#french-prime-minister
finance5 months ago

Retail Traders Turn to High-Risk Currency Trading as the New Meme Stock

The article discusses the rising trend of retail day traders entering the foreign exchange (forex) markets, driven by high leverage and social media influence, despite the significant risks and the market's zero-sum nature. It highlights individual traders' experiences, the growth in trading volume, and the dangers posed by leverage and inexperienced trading, emphasizing that most retail traders tend to lose money.

via Bloomberg|
#currency-markets#finance#forex-trading
finance1 year ago

Bessent's Treasury Appointment Shakes Markets, Signals Economic Shift

The US dollar weakened as President-elect Donald Trump appointed Scott Bessent to a Treasury role, halting the currency's post-election rally. The dollar index fell by up to 0.7% in Asia before recovering slightly. Investors are optimistic that Bessent, a hedge fund manager, will moderate Trump's aggressive tariff policies and address the fiscal deficit. European markets rose, and US Treasury yields fell, while major Asian markets also saw gains following the announcement.

via Financial Times|
#currency-markets#donald-trump#finance
finance1 year ago

Rising Dollar Gains Momentum Amid Global Concerns

The U.S. dollar is set for its strongest weekly performance in over a month, driven by expectations of fewer Federal Reserve rate cuts and potential inflationary policies from President-elect Donald Trump. The dollar's rise has pressured other currencies, with the euro and yen experiencing significant declines. Fed Chair Jerome Powell's comments on maintaining current interest rates due to economic resilience have led traders to adjust their rate cut expectations. Meanwhile, the yen's continued weakening raises the possibility of intervention by Japanese authorities.

via CNBC|
#currency-markets#dollar#federal-reserve
finance1 year ago

"Inflation and PCE Data Set to Drive Markets This Week"

The European Central Bank's inflation expectation surveys, along with speeches from policymakers, are the main focus in an otherwise quiet market calendar. Easing inflation forecasts could reinforce market bets on a rate cut next week. Traders are also closely watching U.S., European, and Japanese inflation statistics due on Friday. The yen's weakness and potential Japanese intervention, along with Australian retail sales data, are also in focus. U.S. markets return from a holiday with a shortened settlement cycle, which may attract early-morning currency trade from Asian investors.

via Reuters|
#currency-markets#ecb#economic-data
finance1 year ago

"Japan's Yen Plunges to 34-Year Low Amid Intervention Speculation"

Japan's yen dipped to its lowest point against the US dollar in over three decades, prompting speculation of potential intervention to support the currency. Despite a recent interest rate increase, the yen's value remains weak, making exports cheaper but driving up import costs and energy prices. The government and financial authorities are closely monitoring the situation and considering decisive steps to address the yen's weakness, including potential direct intervention in the currency market.

via DW (English)|
#currency-markets#finance#intervention
financeeconomics1 year ago

"Yen Cools as Intervention Warnings Grow: March 27, 2024 News Wrap"

The Japanese yen took center stage as it fell to its lowest level against the dollar since 1990 before rebounding following a series of comments from Japanese officials and a sudden meeting between the Ministry of Finance, Financial Services Agency, and Bank of Japan. The dollar traded steadily against other major currencies, while European equities and US futures rose. Gold also showed potential for a rebound after facing resistance at $2,200.

via ForexLive|
#currency-markets#european-equities#financeeconomics
finance1 year ago

"Japan Considers Intervention as Yen Hits 34-Year Low Against US Dollar"

The Japanese yen hit a 34-year-low against the US dollar, prompting speculation about potential government intervention to strengthen the currency. Japan's finance minister indicated that measures to address disorderly FX movements were being considered, and the Bank of Japan stated that it would respond through monetary policy measures if necessary. Analysts believe there is a higher chance of Japanese FX intervention, but also note that this may not address long-term concerns. Japan's economy is facing challenges including combating inflation after years of deflation, and the recent weakening of the yen has both positive and negative impacts on the country's economy.

via CNBC|
#bank-of-japan#currency-markets#finance
finance1 year ago

"Yuan Strengthens as Chinese State Banks Intervene Amid Regulatory Jitters"

China's yuan rebounded as the central bank set a stronger-than-expected daily reference rate, signaling support for the managed currency and easing concerns about further yuan weakness. The move comes after the yuan broke a key level on Friday, leading to increased global FX volatility, and indicates a willingness to prevent excessive depreciation that could spill over into regional and global currency markets.

via Bloomberg|
#china#currency-markets#exchange-rate
finance2 years ago

"Federal Reserve's Rate Cut Speculations Push Dollar to Lowest Level in Over Two Months"

The US dollar dropped to a two-month low on Monday, while the yen reached a 6-1/2 week high, as traders speculated that US interest rates have peaked and turned their attention to when the Federal Reserve might begin cutting rates. The dollar index hit its weakest level since September, and the euro rose to its highest level since August. Markets have priced out the risk of further rate increases from the Fed after weaker-than-expected US economic indicators last week. Attention now turns to when the first rate cuts could come, with futures pricing in a 30% chance of rate cuts as early as March.

via Reuters|
#currency-markets#dollar#federal-reserve
finance2 years ago

US Yields Surge, Pushing Dollar to 10-Month High and Yen Lower

The US dollar remains at a 10-month high against major currencies, supported by rising US bond yields, which have reached their highest level in 16 years. Resilient economic data, hawkish Federal Reserve rhetoric, and a budget deficit to be financed by borrowing have contributed to the increase in Treasury yields. The euro and sterling have both experienced losses, with the euro on track for its worst quarterly percentage loss in a year. The yen has also weakened, approaching the 150-per-dollar mark, which could trigger intervention from the Japanese finance ministry. Rising commodity prices have provided some support to antipodean currencies, while the Chinese yuan remains close to the weak end of its trading band.

via Reuters|
#currency-markets#dollar#federal-reserve
finance2 years ago

"China's Disappointment Boosts Dollar as Traders Shift Focus to Jackson Hole"

The US dollar started the week strong, continuing its five-week streak of gains, as investors awaited guidance from the Federal Reserve's Jackson Hole symposium on future interest rates. The dollar made gains against the euro, yen, and Antipodean currencies as US Treasury yields rose. The Australian and New Zealand dollars were slightly lower after China's rate cut fell short of expectations. The yuan slid to the weak side of 7.3 per dollar, while the yen remained steady. The upcoming Jackson Hole symposium and news of stimulus in China are the major focus for markets, which may set the direction for US yields. Bitcoin nursed losses at $26,129.

via Reuters|
#china#currency-markets#dollar