Japan’s finance minister has stepped up warnings over the yen’s depreciation, with the currency falling below 155 yen to the dollar. Meanwhile, reports suggest that the government will unveil an economic stimulus package larger than expected, raising concerns that Prime Minister Sanae Takaichi’s pro-stimulus stance could slow the Bank of Japan’s pace of interest rate […]
Bitcoin has erased more than 30% of its gains since the start of the year just over a month after hitting a record high, as enthusiasm for the Trump administration’s pro-cryptocurrency stance is waning. On Sunday, the price of Bitcoin dropped below $93,714, lower than its closing price at the end of last year. At […]
Due to the US government shutdown, key data is missing, leaving Fed policymakers in the dark. This uncertainty is testing investors’ nerves. On Thursday, a sudden wave of risk aversion hit the market, causing several of the year’s best-performing stocks to fall sharply and further intensifying the recent decline in cryptocurrencies. Many traders pointed out […]
It may still take several days for the full-scale resumption of operations of federal government agencies after the end of the longest government shutdown in U.S. history. The House passed a temporary spending bill Wednesday night by a vote of 222 to 209, but the measure was opposed by most Democrats because it did not […]
Stephen Jen, who has long been bearish on the US dollar, said that although the dollar has rebounded recently, the weak dollar will continue to decline. He predicted that overseas economic growth will accelerate, further weakening the appeal of the dollar. The CEO of Eurizon, a London-based asset management firm, known for his “dollar smile” […]
According to Bloomberg’s calculation, a simple strategy of borrowing low-yielding currencies such as the Japanese yen or the Swiss franc and investing the funds in the US dollar seems likely to outperform the implied returns of markets such as European stocks and Chinese government bonds, once the volatility of these assets is taken into account. […]
The longest government shutdown in U.S. history has led foreign exchange traders to face their worst year in decades, and the lack of economic data has also cast a shadow over the outlook for the dollar. According to the index of BarclayHedge, foreign exchange investors are on track for their worst annual performance since 2005. […]
According to Japan’s top monetary official, the recent movement of the yen has been different from expectations, given the interest rate differential between Japan and the United States. Deputy Minister for International Affairs of Japan’s Ministry of Finance Atsushi Mimatani said on Wednesday: “We have always emphasized that the movement of the yen against the […]
Royal Bank of Canada Capital Markets said that once the factors supporting the US dollar turn into resistance, traders should be on guard against a possible long-term sell-off of the dollar, as this could recreate the boom-and-bust cycle of the dot-com bubble. The US dollar has taken a beating this year due to the uncertainty […]
The US dollar rose to its highest level since May, dampening demand for gold and causing the precious metal’s price to fall by the most in more than a week. Spot gold prices stabilized near $3937 per ounce after falling nearly 2% in the previous trading session. The US dollar index rose for the fifth […]