The dollar index (DXY00) has risen +0.09% today. The dollar is rising today thanks to better-than-expected US retail sales and pending March home sales reports. The dollar is also supported by signs that Federal Reserve Chairman nominee Kevin Warsh will support an independent Federal Reserve and prioritize low inflation. Politico reported that Fed Chairman nominee…
The dollar index (DXY00) rose to a 10.5-month high on Monday and ended with a gain of 0.40%. The dollar gained on Monday on safe-haven support amid concerns about a protracted war in Iran. President Trump told the Financial Times on Sunday that he wants to “take Iran’s oil” and could seize the Kharg Island…
By Takaya Yamaguchi and Leika Kihara TOKYO, Feb 16 (Reuters) – Japan’s government should avoid meddling in monetary policy and focus on measures to build an economy strong enough to weather the potential pain of any further interest rate hikes, the leader of the ruling coalition’s junior partner told Reuters. Japan should also proceed with…
The Dollar Index (DXY00) rose to a 6-week high today and is up +0.36%. The dollar is rising today thanks to better-than-expected US economic news. Weekly jobless claims unexpectedly fell to a six-week low, and the Fed’s January Empire and January Philadelphia business outlook surveys rose more than expected. The dollar increased its gains today…
TOKYO, Jan 5 (Reuters) – Bank of Japan Governor Kazuo Ueda said on Monday the central bank will continue raising interest rates if economic and price developments move “in line with its forecasts.” Japan’s economy maintained a moderate recovery last year despite the impact of higher U.S. tariffs on corporate profits, Ueda said in a…
The Dollar Index (DXY00) is down -0.22% as underlying dollar bearish sentiment outweighed today’s better-than-expected US GDP report and lower chances of the Federal Reserve easing monetary policy. Markets have today reduced the odds of a -25bp rate cut from 20% to 13% at the next FOMC meeting on January 27-28. The dollar continues to…
The Dollar Index (DXY00) rose +0.39% to its 1.5-week high today. The dollar is rising today amid weakness in the yen, which fell to a 9.75-month low on concerns that the Japanese government will support a stimulus package that would substantially increase Japan’s debt burden. Today’s US trade news also supported the dollar after the…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan’s cautious governor has dropped unusually aggressive hints of an interest rate hike in December or January next year, with the timing likely to be influenced not only by the boost in wages but also by moves in the yen. The central bank kept interest rates…
By Leika Kihara Tokyo (Reuters) -with Sanae Takaichi will become Japan’s Prime Minister, moving forward in expansionist economic policies, the possibilities have increased that the Central Bank avoids increasing interest rates this month, although the pause may not last if it covers the YEN. Takaichi, who will probably become the first leading woman in Japan…
By Rocky Swift The Japanese actions of Tokyo (Reuters) are expected to continue establishing records even when the country’s currency and bonds collide after the Sanae Takaichi fiscal dove was elected on Saturday to lead the ruling party and probably become prime minister. It was considered that Takaichi, 64, had the most expansionist fiscal and…
