The US dollar continued to fall after posting its biggest drop in three years, and the cost of hedging against further declines rose to its highest level since the start of the pandemic in early 2020 when cities were shut down. The general weakness of the US dollar continued into Friday’s Asian trading session, after […]
The turmoil in the US Treasury market has sent bond markets from Australia to Japan into sharp fluctuations, forcing traders to start worrying that the volatility brought about by the trade war has only just begun. On Thursday, Australia’s three-year bond yield soared, posting its biggest gain since September 2022, reflecting a reversal in US […]
During the Asian trading session on Wednesday, the US dollar index fell further as the governor of the Bank of Japan made relatively tough remarks. Bank of Japan Governor Kikuo Iwata said that he would adopt a wait-and-see attitude when formulating policies, waiting for further clarification on the US tariff issue, and at the same […]
The phone call between Japanese Prime Minister Shigeru Ishiba and US President Donald Trump has raised hopes of reaching a tariff agreement, and the Japanese stock market rebounded as a result. In early trading in Tokyo, the Topix index rose as much as 7.2% to 2,452.78, while the Nikkei 225 stock average climbed as much […]
After US officials expressed opposition to trade tariffs and said any negotiations on tariff cuts would be prolonged, traders sought safe-haven currencies, causing the Japanese yen and the Swiss franc to strengthen on Monday. Risk aversion persisted for the second week, with the Japanese yen rising 1% against the US dollar to 145.41 and the […]
On Thursday, the Japanese yen was the best-performing major currency as US President Donald Trump’s announcement of tariffs stoked safe-haven demand and Japanese bond prices rose. Tokyo’s stock market fell. The yen rose as much as 1.1% against the dollar to 147.69, its biggest gain since February 20, while sovereign bond prices rose and the […]
Despite US President Donald Trump’s tariff threats to the market, traders are still betting that the euro will strengthen next month. The so-called risk reversal is a closely watched sentiment indicator. On Monday, investors’ bullish sentiment towards the euro reached its highest point since the end of 2020. Despite concerns that the European economy might […]
Wells Fargo’s currency strategists said that the US dollar would be one of the market winners in President Donald Trump’s trade war. Concerns over the consequences of his plan to raise tariffs further have roiled global financial markets – the dollar and stock markets have both fallen so far this year amid fears that it […]
Global stock markets suffered a fourth consecutive day of selling as US President Donald Trump announced a new round of tariffs and concerns over the economic impact of a global trade war intensified. Stock markets tumbled from Sydney to Hong Kong. The Nikkei 225 index dropped to its lowest level in six months, and Taiwan’s […]
Barclays said that the foreign exchange market has not yet fully reflected the impact of the upcoming US tariffs, including on the Chinese yuan and the Mexican peso. For instance, according to the current tariff schedule, the RMB is undervalued against the US dollar by approximately 10%, wrote analysts led by Sheryl Dong in a […]