Head Topics

US dollar surges to new 34-year high vs yen after hotter-than-expected inflation data

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 32 min. at publisher
  • 📊 Quality Score:
  • News: 116%
  • Publisher: 97%

MKTREP News

MTPIX,REP,CEN

The dollar rose across the board on Wednesday, soaring against the Japanese yen to its highest since mid-1990, after U.S. inflation rose more than expected in March, pushing out the expected timing of a first rate cut to September from June.

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File PhotoNEW YORK, April 10 -

Fed fund futures have also reduced the number of rate cuts of 25 basis points this year to under two, or roughly 44 bps, from about three or four a few weeks ago. Japan intervened in the currency market three times in 2022, selling the dollar to buy yen, first in September and again in October as the yen slid toward what was then a 32-year low of 152 to the dollar.

MTPIX REP CEN CRYCUR ECO FRX INT MCE PLCY PXP ECON FIN FRX/ USD/ TOPNWS TOPCMB DRV BOJ NEWS1 EASIA ASXPAC ASIA JP ECI INFL STX MTGFX AMERS US NAMER

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

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.

Asia FX falls, USDJPY at 1990 highs as dollar strengthensAsia FX falls, USDJPY at 1990 highs as dollar strengthens
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks tread water, Nikkei rebounds as yen hits 1990 lowsAsian stocks tread water, Nikkei rebounds as yen hits 1990 lows
Source: Investingcom - 🏆 450. / 53 Read more »

1990 Honda Accord EX Is the Start of Something BigHonda runs one up the middle.
Source: CARandDRIVER - 🏆 576. / 51 Read more »

1990 Lincoln Town Car Signature Series: A Smoother RelicLincoln's redesigned Town Car combines modern looks with a driving experience straight out of 1975.
Source: CARandDRIVER - 🏆 576. / 51 Read more »

1990: Year of the Failed ‘80s Movie Sitcom AdaptationThe 1990-1991 TV season saw a bizarre trend in popular '80s movies being adapted as sitcoms, including Ferris Bueller, Uncle Buck and more.
Source: PasteMagazine - 🏆 392. / 55 Read more »

Every Best Picture Winner (Since 1990) RankedWhat do we think about what the Oscars thought was the best movie of the year? Here's every Best Picture winner (since 1990) ranked:
Source: PasteMagazine - 🏆 392. / 55 Read more »