Yen rises on BOJ talk, sterling calmer on CPI, but U.S. data still to come
By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) -Japan’s yen firmed on Wednesday on growing bets on a rate hike at the Bank of Japan’s next meeting and cooling British…
USD strength is likely to persist in 1H25: UBS
Investing.com — The US dollar (USD) has entered 2025 in an impressive manner, with the dollar index (DXY) reaching 110, its highest level since late 2022. According to UBS strategists,…
IEA says new US sanctions could significantly disrupt Russian supply
LONDON (Reuters) – The latest round of U.S. sanctions against Russian oil, announced last Friday, could significantly disrupt Russia’s oil supply and distribution chains, the International Energy Agency (IEA) said…
Dollar strength reminds Wall Street ‘US exceptionalism’ isn’t isolationism: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – While “U.S. exceptionalism” has undoubtedly helped drive Wall Street’s record-busting returns in recent years, it should not be confused with isolationism. The…
Japan finance minister flags action against excessive foreign exchange movement
TOKYO (Reuters) -Japan Finance Minister Katsunobu Kato on Wednesday reiterated that the government would take appropriate action against excessive movement on the foreign exchange market, as the yen has seen…
Yen rises on BOJ talk; dollar rally pauses ahead of US inflation test
By Rae Wee SINGAPORE (Reuters) -The dollar’s towering rally hit a speed bump on Wednesday as traders turned cautious ahead of a closely watched U.S. consumer inflation report due later…
Gold prices steady with CPI data in focus
Investing.com– Gold prices moved little in Asian trade on Wednesday as traders kept to the sidelines ahead of key U.S. consumer inflation data, although mild declines in the dollar lent…
Japanese yen rises after BOJ’s Ueda says rate hike possible with economic progress
Investing.com– The Japanese yen strengthened on Wednesday after the Bank of Japan (BOJ) Governor Kazuo Ueda indicated that the central bank may consider raising interest rates if economic and price…
Oil inches up, but uncertainty over sanctions impact caps gains
SINGAPORE (Reuters) – Oil prices were little changed on Wednesday, after falling the previous day, as a dip in U.S. crude stockpiles and expectations of supply disruptions from sanctions on…
Asia FX treads water, dollar stalls ahead of CPI data
Investing.com– Most Asian currencies kept to a tight range on Wednesday, while the dollar pulled back from over two-year highs as traders awaited key consumer inflation data that is likely…
