The Chinese Yuan dropped to a nearly two-month low on Wednesday, pressured by falling yields in China and rising yields in the U.S., as traders grew anxious over the possibility of a Donald Trump presidency bringing heavy tariffs on Chinese exports. In morning trade, the Yuan (CNY=CFXS) fell about 0.1%
The dollar index displayed a rate that was slightly lower yesterday. The annual US producer price index did not surprise, but monthly prices rose more than expected. Jerome Powell added to the scenario given in the latest decision of the Federal Reserve (Fed) that interest rates can be kept higher
The exchange rate between the New Zealand Dollar (NZD) and the US Dollar (USD) plays a significant role in shaping various aspects of the New Zealand economy. Here’s a fundamental analysis of the impact and implications of the NZD/USD exchange rate on New Zealand’s economy: Positive Impacts:Export Competitiveness: A weaker
There is a continuous decline in the Japanese Yen. Reached its lowest level since 1990. Seeing the Japanese Yen rapidly weakening, the Japanese Monetary Officer held a meeting and suggested that they would soon intervene to boost the domestic currency. On Monday, Japan’s Finance Minister Shunichi Suzuki said he would
In the latest news with regard to USDJPY, the Japanese yen weakens against the dollar for a third day in a row. The currency was near its lowest level since November 2023 after Japan’s finance minister said he would not rule out any action against the weakening currency. The yen
The Japanese yen strengthened above 147 against the dollar, hitting its highest level in more than a month, after final data showed Japan’s economy returned to growth in the fourth quarter of 2023, avoiding a technical recession. The country’s GDP expanded 0.4% and 0.1% year-on-year and quarter-on-quarter, respectively, in the
The Japanese yen remains near a two-month low against the US dollar after the currency reacted neutrally to the release of domestic consumer inflation figures yesterday. The yen has extended its upward trend over the past three weeks. USDJPY traded at 148.27, up 0.09% today. The Japanese yen had little
The Japanese yen fell more than 1% against the dollar after the Bank of Japan (BOJ) kept its ultra-loose monetary policy as expected and, more surprisingly, showed no sign of change, while the dollar pulled back from recent lows. USDJPY jumped 1.22%, its biggest daily gain since late October, to
GBPINR reacted neutral after the GDP numbers, the pair traded in a narrow range after data from the UK showed that the GDP expanded at an annual rate of 0.6% in Q3 in the latest Forex Trading session. The numbers stayed above the market expectation of 0.5%, but were unable
The US Dollar continued to weaken against its major counterparts for the third consecutive day in the latest forex trading session. The currency reacted negatively following mixed economic data releases from the US yesterday. However, downside remains capped ahead of the release of key nonfarm payrolls data later in the