Most Asian currencies fell on Thursday as concerns over higher U.S. interest rates pushed up the dollar and Treasury yields, with traders now watching for any Japanese government intervention after the yen slid to a one-year low. Dollar at near two-week high amid Fed jitters The dollar index and dollar index futures both rose 0.2% in Asian trade, hitting […]
The Japanese yen weakened past the key 150 level to the dollar on Thursday, raising the chances of intervention in currency markets by the government and also putting pressure on the Bank of Japan to consider tightening policy. The yen fell 0.1% to an one-year low of 150.25 against the dollar, as anxiety over an upcoming U.S. GDP […]
Most Asian currencies moved little on Friday as markets hunkered down before a series of major central bank meetings next week, while the Japanese yen strengthened slightly on strong inflation data, but remained close to a one-year low. The dollar index and dollar index futures both moved little in Asian trade, but retained most gains made this week. Treasury […]
In a significant development, Nigeria’s currency, the naira, depreciated by nearly 5% against the US dollar in the parallel market. This depreciation followed a record low in the country’s official currency market, which led to an active stockpiling of dollars by residents, particularly in Lagos. The exchange rate of the naira fell from 1,052 to […]
A digital euro would allow consumers in Europe to pay with central bank money but it would not be an investment object similar to cryptocurrencies, Bank of Finland board member Tuomas Valimaki said on Thursday. On Wednesday, the European Central Bank took a further step towards launching a digital version of the euro that would […]
The Reserve Bank of India (RBI) sold a net $3.86 billion in the spot foreign exchange market in August, according to data released on Thursday as part of the central bank’s monthly bulletin. The RBI said it purchased $500 million and sold $4.36 billion during the period. In July, the central bank had bought a […]
