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Dollar at three-week lows; pound takes UK election in stride
The US dollar nears three-week lows awaiting payrolls data impact, while the pound remains strong amid UK election expectations. Euro stable pre-French election. Yen rebounds cautiously. Australian dollar near six-month highs. Bitcoin slightly down.
Asian stocks advance as S&P 500 closes above 5,500: Markets wrap
Market euphoria as S&P 500 hits records, Calvasina bullish. Job openings up, Fed's easing stance challenged. Eyes on US payrolls data for June update.
Yen hits 38-year low, Nikkei surges as Trump risk buoys US yields
In a sensational turn of events, the U.S. dollar skyrockets to a 38-year high against the yen amidst speculation of a Trump comeback. The Nikkei soars past 40,000, while oil prices surge at the beginning of the summer driving season. Sterling and the Chinese yuan weaken, with all eyes on the Federal Reserve and upcoming job data.
Dollar soars near 38-year yen peak as Trump risk lifts US yields
Dollar nears 38-year high to yen amid Trump re-election speculations, Biden's debate influence expected, ECB event in focus.
Euro rises after France's first-round vote, yen struggles
Recent events in France and Japan, along with global economic indicators, influence currency movements and central bank policies worldwide, reflecting uncertainties in the financial landscape.
Asian stocks stutter, euro gains after first round vote in France
The euro was 0.32% higher at $1.0747, while European stock futures rose 1% as exit polls showed Marine Le Pen's eurosceptic National Rally emerged ahead in the first round of the French vote but with fewer votes than some analysts had forecast.
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Get-rich-quick trades suddenly reverse as Nvidia, Bitcoin slump
Investors face volatility as Bitcoin and Nvidia suffer losses, emphasizing the need for market diversification beyond technology.
Dollar flirts with key 160 yen level as intervention risk looms
The yen near 160 per dollar kept traders alert for Japanese authorities' intervention. Bitcoin suffered losses due to outflows from exchange-traded funds (ETFs). The dollar edged higher at 159.64 yen, close to the level prompting a massive intervention by Tokyo in April-May.
Asian stocks hold on to gains; BoE in focus
Asian stocks paused near two-year highs as traders awaited U.S. policy clues. Sterling steadied ahead of a Bank of England meeting with unchanged rates expected. Central bank decisions from Switzerland and Norway will set the global rates tone.
Dollar wobbles as markets await more Fed clues; RBA meeting in focus
The dollar weakened against the euro and sterling as concerns about a far-right French government eased. Market focus shifted to key reports and comments from the Federal Reserve for rate cut clues.
Dollar finds footing as traders turn to US services data
The dollar steadied as traders awaited an interest rate decision in Canada and U.S. services data. The yen received a boost after reports of potential bond buying cuts by the Bank of Japan, leading to a rise in the Swiss franc. Japanese real wages fell for the 25th straight month due to inflation outpacing pay rises.
Dollar firm ahead of global inflation data
The dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook.
Rishi Sunak's summer election brings hope to Britain's bruised financial sector
Executives in London's financial hub are cautiously optimistic about the upcoming UK elections on July 4, hoping for a government that prioritizes stability and supports the finance sector. Despite the likelihood of a Labour Party victory, which would mark a significant political shift, business leaders are relatively calm. Boris Johnson's past dismissals of financial concerns, particularly regarding Brexit, strained relations with the City, but recent efforts to mend ties have been noted.
Asia rides Wall St rally, dollar sags on US inflation relief
The data provided palpable relief to markets after higher-than-expected U.S. consumer prices in the first quarter had led to a sharp paring of rate cut bets, and even stoked some worries of an additional hike.
BoE inches closer to rate cut as second policymaker backs easing
Deputy Governor Dave Ramsden joined external member Swati Dhingra in calling for an immediate cut in the base rate from its current level of 5.25%, where it was held for the sixth straight meeting.
Asian stocks surge on tech boost; yen extends gains to cap wild week
MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5% and was set for a second straight week of gains. Hong Kong's Hang Seng Index spiked 2% higher, on course for a 5% gain for the week.
Unauthorised forex dealers duping customers: Names of 75 forex dealers on RBI’s alert list
RBI has noted that these organisations are giving locals the ability to transfer or deposit money in Rupees in order to conduct illicit foreign exchange transactions using domestic payment methods including internet transfers, payment gateways, etc.
Stocks hit by tech slump; yen flails at intervention zone
A 15% dive in shares of Meta in extended trading after the Instagram parent forecast lighter-than-expected current quarter revenue and higher expenses soured the mood, sparking a sell-off in U.S. tech and tech-related stocks.
Dollar firm as US rates and earnings take centre stage
The dollar ticked higher against the euro and yen in subdued trade after last week's volatility, with markets taking their lead from the Fed's higher-for-longer messaging and a firmer Wall Street ahead of results from megacap growth companies.
Currencies calm but cautious after a weary week
Eyes are on the yen this week, with the Bank of Japan's (BOJ) Friday policy review the notable item on the economic calendar.
Asian shares slide on Fed rate cut rethink; China GDP in focus
Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.
Yen eyes first monthly gain since March; dollar headed for monthly loss
The yen was last roughly 0.3% higher at 140.77 per dollar, nursing some of its heavy loss from Friday after the BOJ maintained ultra-low rates, though made its bond yield curve control (YCC) policy more flexible and loosened its defence of a long-term rate cap.
Asian shares fall on growth concerns, focus shifts to Fed minutes
Asian shares fell due to a slowdown in China's service sector growth and investor focus shifting towards the release of the US Non-Farm Payrolls report and the Federal Reserve minutes. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7%, while Australia's resource-heavy shares fell 0.2%.
Asian stocks shrug off virus worries; ECB in focus
MSCI's broadest index of Asia-Pacific shares outside Japan followed Wall Street higher and rose 1% with broad gains from Sydney to Seoul and Hong Kong . Japanese markets are closed until Monday.
Dollar buoyed by yields surge jump after Fed's inflation shift
The greenback rose to 106.695 against the safe-haven yen, edging near this month's high of 107.05.
Dollar in the doldrums; US politics, Fed minutes eyed
The risk-sensitive Australian dollar inched up to a three-session high of $0.7194, but also remained contained in the channel it has traded in for a week.
Asia stocks rise as upbeat factory data lifts confidence
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9%, while shares in China nudged up 0.1%. Australian stocks gained 2% for the biggest intraday gain since July 21. Tokyo shares also jumped by more than 1%.
Dollar struggles amid Sino-US tensions, coronavirus woes
In morning trade it fell to a four-month low against the yen and a new 22-month trough on the euro at $1.1699.
Yen up and dollar clinging on as China's Houston response awaited
The yen rose 0.3% to 106.51, its strongest since late June. The Australian and New Zealand dollars were also off from multi-month highs and the Chinese yuan struggled for headway.
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