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 […]
Goldman Sachs and Bank of America believe that the direct risk of Japan’s currency intervention is small, saying that even if the yen approaches the closely watched 155 yen to the dollar level, the usual trigger factors “have not yet been reached”. In a report on Monday, Goldman Sachs strategist Karen Reichgott Fishman wrote that […]
Due to the lack of official data, the outlook for the US economy and the Fed’s interest rate path remain unclear, and the US dollar has had its second-best month of the year. The Bloomberg Dollar Spot Index rose for a third consecutive trading day on Friday, posting a 1.7% gain for October. This week, […]
Hedge funds are betting that the yen will fall to a low of 160 yen to the dollar by the end of the year against the US dollar, as the Federal Reserve and the Bank of Japan have changed their interest rate policies. On Thursday, the volume of call options that would profit from a […]
S&P 500 futures rose 0.4%, after the index erased gains earlier as Federal Reserve Chair Powell warned that a December rate cut was not a certainty. Asian stocks rose 0.3%, with the technology sector leading the gains, following better-than-expected earnings from Samsung Electronics and expectations that large US companies will increase their investment in artificial […]
U.S. Treasury Secretary Scott Bessent called on Japan’s new government to give its central bank room to deal with inflation – a stance that contrasts sharply with his domestic advocacy for the Federal Reserve. Bessenet posted on social media on Wednesday: “Whether the government is willing to give the Bank of Japan some policy space […]
This week, Europe will undergo a rigorous economic health check to help gauge the impact of US tariffs on growth and inflation as policymakers meet to set interest rates. The key event is the release of the eurozone’s preliminary third-quarter gross domestic product on Thursday, which will come just a few hours before the European […]