Japan’s top currency diplomat Masato Kanda said on Wednesday that authorities won’t rule out any option to clamp down on “speculative” currency moves, in a warning against a sell-off in the yen. “Looking at underlying moves, speculative action or activity that cannot be explained by fundamentals can be observed,” Kanda said. Tokyo’s top spokesperson Hirokazu […]
The U.S. dollar steadied near a six-month peak in early European trade Thursday, boosted by signs of a resilient U.S. economy even as the global outlook weakened. At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 104.897, having earlier reached just […]
Most Asian currencies moved little on Friday as weak data from Japan ramped up concerns over slowing global economic growth, while the Chinese yuan slid to an over 15-year low against the dollar on renewed concerns over Sino-U.S. relations. The yuan fell 0.2% to 7.3443, its weakest level against the dollar since February 2008. The currency was […]
The euro stood by a 15-year high on the yen on Thursday in anticipation of sticky European inflation figures, while the dollar was squeezed ahead of consumption, inflation and jobs data that could add to evidence of a softening economy. A marginally better-than-expected Chinese manufacturing survey kept the yuan, Australian dollar and New Zealand dollar […]
The U.S. dollar edged higher in early European trade Wednesday, stabilizing after the previous session’s sharp declines as investors look for clues on the path for Federal Reserve policy. At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.525, rebounding after […]
Maintaining privacy and increasing understanding of blockchain technology are primary issues to solve before Brazil’s central bank digital currency (CBDC) is ready for widespread use, the central bank’s coordinator of the project said on Tuesday. Named DREX, the digital real is set for a first phase launch aimed at financial institutions in May 2024, though […]
