SINGAPORE/LONDON—The dollar slipped on Thursday after a raft of data showed the U.S. economy is losing momentum, while the yen rebounded as traders continued to bet the Bank of Japan will shift away from ultra-loose monetary policy. U.S. data released on Wednesday showed retail sales fell by the most in a year in December and…
Mild Winter, Weaker US Dollar Support Euro Rally, as Analysts Abandon Bearish Outlook
Last year, the euro suffered a psychological barrier in the financial markets after it plummeted below parity with the U.S. dollar and cratered to its lowest level in about 20 years. From inflation to an energy crisis to recession fears, investors were ultra-bearish on the currency. In the first few weeks of 2023, however, the…
Yen Lower as BOJ Sticks to Ultra-Easy Policy, Losses Trimmed
LONDON—The yen dropped against major currencies on Wednesday after the Bank of Japan maintained ultra-low interest rates, although it recovered some ground on expectations for tighter policy in the coming months. The central bank stunned the market in December by raising its cap on the 10-year yield to 0.5 percent from 0.25 percent, doubling the…
Sterling Rises on UK Job Data, Yen Near 7-month High as BOJ Decision Looms
LONDON/SINGAPORE—Sterling edged up on Tuesday after data showed the pace of pay growth in Britain, closely watched by the Bank of England as it gauges how much higher to raise interest rates, accelerated again. The yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of…
Dollar Steadies After Hitting 7-Month Low, All Eyes on Yen
SINGAPORE/LONDON—The dollar started the week on the back foot, hitting a seven-month low against a basket of major peers in Asian trade, with the yen in particular focus as traders ramped up bets the Bank of Japan will tweak its yield control policy further. The euro hit a fresh nine-month top of $1.0874 in early…
Yen Surges as BOJ Policy Under Pressure, Dollar Pauses
LONDON—The yen surged further on speculation that Japan could revise its ultra-loose monetary policy, while the dollar hovered near its lowest level since June against major currencies. The Bank of Japan is an outlier in clinging to stimulus while most central banks are in rate-hiking mode, but signs of stickier inflation have emboldened some investors…
Yen Jumps, Dollar Steady Ahead of US Inflation Data
LONDON—The yen got a boost on Thursday, while the dollar held near a seven-month low against the euro ahead of U.S. inflation data later in the day. The Japanese yen rose as much as 0.8 percent to a session high of 131.36 per dollar in Asian trade. The yen last bought 131.70 per dollar. Elsewhere,…
US Dollar Holds Firm Ahead of US Inflation Data
LONDON—The U.S. dollar held its ground on Wednesday as traders waited for this week’s U.S. consumer price data to see whether it will confirm that inflation is in retreat. The euro flattened against the dollar after a European Central Bank policymaker said the cycle of interest rate increases was approaching its end, while ECB staff…
Dollar Stabilizes Near 7-Month Lows
SINGAPORE/LONDON—The dollar steadied near its softest in seven months against the euro on Tuesday after more hawkish comments overnight from two U.S. Federal officials helped it to stem its recent losses ahead of remarks by Fed chair Jerome Powell due later in the day. The euro was at $1.0736, little changed on the day, trading…
Dollar Hovers Near 7-Month Lows After Jobs Data
LONDON—The U.S. dollar on Monday neared its lowest point in seven months against other major currencies after data suggested the Federal Reserve could slow the pace of its rate hikes, while China reopening its borders boosted riskier currencies. China’s offshore yuan neared its highest in five months against the U.S. dollar, while the Australian and…
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