SINGAPORE—The yen won a brief reprieve after hitting fresh two-decade lows from Japanese policymaker comments on Monday, even as holidays confined the U.S. dollar to narrow ranges against most other currencies. The yen fell to a two-decade low of 126.795 in early Asian trading, before both Bank of Japan Governor Haruhiko Kuroda and Finance Minister…
Oil Slips on China Demand Fears, Supply Worries Limit Losses
TOKYO/LONDON—Oil edged lower on Monday pressured by worries over slowing demand in China, although concern over tight global supply and the deepening Ukraine crisis kept Brent crude above $111 a barrel. China’s economy slowed in March as consumption, real estate, and exports were hit, taking the shine off faster-than-expected first-quarter growth numbers and worsening an…
Asian Shares Sink as China Says First Quarter Growth at 4.8 Percent
BANGKOK—Shares were mostly lower in Asia and U.S. futures fell after China reported Monday that its economy expanded at a 4.8 percent annual pace in January-March. Benchmarks fell in Tokyo, Seoul, Taipei, and Shanghai. Seoul edged higher. Markets in Europe and in Hong Kong and Sydney were closed for holidays. Wall Street benchmarks declined last…
Hawkish Fedspeak Keeps Dollar King, Yen Slumps to 20-year Low
TOKYO—The dollar rose to a two-decade peak against the yen and kept close to a two-year high to the euro on Friday, as more hawkish comments from Federal Reserve officials reinforced expectations for faster U.S. policy tightening. The greenback was 0.43 percent higher at 126.40 yen after earlier reaching 126.56 for the first time since…
Asian Shares Fall, Trading Muted With Good Friday, Holidays
TOKYO—Asian shares fell in muted trading as most world markets were closed for Good Friday and other holidays. Benchmarks declined in Tokyo, Seoul, and Shanghai. Sydney, Manila, Bangkok, and Hong Kong were among Asian markets observing holidays on Friday. U.S. and European markets also were closed. After markets closed, China’s central bank freed up extra…
Euro Turns Negative as ECB Confirms Plans to End Bonds Buys
April 14, 2022
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LONDON—The euro fell on Thursday after the European Central Bank kept its policy stance broadly unchanged, sticking to plans to slowly unwind stimulus. The euro turned negative, falling 0.1 percent to $1.08820 as of 1210 GMT after the ECB confirmed its plans to cut bond purchases, commonly known as quantitative easing, this quarter, then end…
Oil Prices Fall as Market Weighs Mixed Supply Signals
LONDON -Oil prices slipped on Thursday in thin trade ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. Brent futures were down $1.52, or 1.4 percent, at $107.26 a barrel, while U.S. West Texas Intermediate futures were off $1.38 or 1.3 percent, at $102.87 a…
European Shares Edge up Ahead of ECB Meeting
LONDON/BEIJING—Stock markets made slim gains on Thursday ahead of a European Central Bank meeting that could herald tighter policy, as U.S. Treasury yields eased and the dollar retreated on hopes that inflation may be close to peaking. Traders were waiting for a European Central Bank meeting for possible clues on a clearer schedule for unwinding…
Japanese Yen Falls to 20-year Low as Dollar Outlook Bright
LONDON—The Japanese yen weakened past the 126 yen per dollar mark on Wednesday for the first time since 2002, while the euro was pinned at a one-month low as investors bought the U.S. currency after hawkish comments by Federal Reserve officials. The prospect of fast and aggressive U.S. interest rate hikes and growing market expectations…
Oil Prices Extend Gains With Falling Supplies in Focus
LONDON—Oil prices rose by more than 2 percent on Wednesday after Moscow said that peace talks with Ukraine had hit a dead end, fuelling supply worries, while weak economic data from China and Japan kept a lid on gains. Brent crude rose by $2.26, or 2.2 percent, to $106.90 a barrel by 1126 GMT while…
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