Japanese Yen Slides as Strong US Manufacturing Data Boosts Dollar
The Japanese yen weakened against the US dollar on Tuesday, extending its recent decline after stronger-than-expected US Manufacturing PMI data reinforced expectations that
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Forex News
SNB ‘Elevated Willingness’ to Intervene in FX Markets, Vice Chairman Says
The Swiss National Bank (SNB) maintains an ‘elevated willingness’ to intervene in foreign exchange markets, Vice Chairman Martin Schlegel stated, reinforcing the central
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Gold Retreats as Iran’s Uranium Demands Complicate US Nuclear Talks
Gold prices edged lower on Wednesday as diplomatic sources confirmed that Iran’s insistence on retaining enriched uranium stockpiles has emerged as a major
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Fed Officials Debate Extending Dollar Swap Lines to Global Central Banks
Federal Reserve policymakers are engaged in an internal debate over whether to extend or make permanent the dollar swap lines that provide liquidity
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Canada’s Gold Price Surge Bolsters Export Performance, RBC Reports
A sustained rally in global gold prices is providing a significant tailwind for Canadian exports, according to a recent analysis from RBC Economics.
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Indonesian Rupiah Gains Breathing Room After BI’s Jumbo Rate Hike, Says OCBC
Bank Indonesia’s aggressive interest rate hike has provided only temporary relief for the Indonesian rupiah, according to a new analysis from OCBC. The
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Yield Spread Pressure Weighs on Euro, Warns ABN AMRO
The euro is facing renewed headwinds from widening yield spreads, according to a recent analysis by ABN AMRO. The Dutch bank notes that
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Japanese Yen Gains Support from Intervention Threats and Hawkish BOJ Stance, Says BBH
The Japanese yen is finding renewed support from a combination of verbal intervention threats from Tokyo officials and a more hawkish tilt from
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Citi Advises Shorting the Dollar Against the Yen as BOJ Meeting Looms
Citigroup has issued a tactical trading recommendation to short the U.S. dollar against the Japanese yen, citing growing expectations that the Bank of
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British Pound Under Pressure: UK Support Plan and Soft PMIs Weigh, Says BNY
The British pound is facing renewed headwinds as a combination of a UK government support plan and softer-than-expected Purchasing Managers’ Index (PMI) data