Dollar steady, while yen strengthens ahead of BOJ meeting
Investing.com - The U.S. dollar traded in a stable fashion in Europe Tuesday, while the yen soared in the wake of suspected intervention by the government last week.
Vice President Kamala Harris appears on course to be the Democratic Party’s presidential nominee, but will still need to be formally nominated. Expectations of a Trump presidency has resulted in some strength in the dollar, as analysts said he would be likely to enact protectionist trade policies.index set to test market expectations that the Federal Reserve is all but certain to cut interest rates in September.While economic growth in the eurozone remains sluggish, strength in the dominant services sector, boosted by tourism, has kept price pressures uncomfortably high.traded 0.1% lower at 1.2919, falling back from the 1.
However, at the heart of this latest leg higher in the pound is the belief that British interest rates will take longer to decline than those elsewhere.remains stubbornly high, pushing the likely starting date of the BOE’s rate-cutting cycle from August to later in the year.fell 0.7% to 155.94, not far from Thursday's five-week low of 155.375, with the yen continuing to strengthen against the dollar after suspected intervention by the government last week.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BoJ’s Kamiyama: BoJ wants to maintain accommodative monetary environment as much as possibleKazushige Kamiyama, a senior Bank of Japan (BoJ) official and the central bank’s Osaka branch manager, said on Thursday that the BoJ wants to maintain an accommodative monetary environment as much as possible, per Jiji News.
Read more »
Breaking: Japanese Yen hits multi-decade lows against US Dollar, eyes on BoJThe Japanese Yen (JPY) declined to its weakest level since 1990 against the US Dollar on Wednesday, with USD/JPY touching 160.40 during the European trading hours.
Read more »
The US dollar trading soft in the wake of CPI and BOJ interventionThe Dollar index (DXY) is trading lower for the third straight day near 104.32 as markets digest the double whammy of good inflation data and surprise BOJ intervention, BBH FX strategists note.
Read more »
US Dollar Forecast: Rate cut bets weigh on US DollarThe selling pressure in the FX world continued to punish the Greenback this week, sending the USD Index (DXY) back to the 104.00 region, or multi-week lows, against the backdrop of the strong pick-up in expectations surrounding the timing of the start of the Federal Reserve’s (Fed) easing cycle.
Read more »
Australian Dollar edges lower as US Dollar gains demand due to risk aversionThe Australian Dollar (AUD) edges lower due to risk aversion on Monday.
Read more »
US Dollar Q3 Fundamental Outlook: US Dollar to Soften as Fundamental Outlook EasesUS inflation cooled in Q2 as did economic growth, opening the door to a rate cut later this year. US yields have likely peaked, leaving the dollar vulnerable to a dovish repricing
Read more »