LONDON—The euro rose on Tuesday, drawing support from the European Central Bank’s plans to raise interest rates to contain inflation, while the yen retested a 24-year low as the Bank of Japan’s ultra-loose monetary policy stance continued to weigh. The euro was 0.5 percent firmer at $1.0563 after ECB Chief Economist Philip Lane said the…
Yen Tanks 1.9 Percent After BOJ Sticks to Stimulus, Franc Climbs Again
LONDON/TOKYO—The Japanese yen fell as much as 1.9 percent on Friday after the Bank of Japan bucked a wave of tightening and stuck with its ultra-low interest rate stance, as currency markets looked set for another volatile session after a spate of rate hikes this week. The Swiss National Bank’s surprise decision to raise rates…
Dollar Off Lows, Nears 20-year Highs After Historic Bond Rout
LONDON—The U.S. dollar trimmed early losses and held near a 20-year peak on Tuesday while its rivals from the Aussie to the euro struggled as traders braced for aggressive interest rate hikes from the Federal Reserve this week. Expectations for a 75 basis-point increase at the conclusion of a two-day meeting on Wednesday are nearly…
Yen Tumbles Against Euro as Central Bank Policy Diverges
LONDON—The euro hit a seven-year peak against the yen on Wednesday, getting a lift after an upward revision to first-quarter growth and ahead of a European Central Bank meeting on Thursday that is likely to pave the way for rate hikes later in the year. The ECB is set to end its bond purchases this…
Euro Edges Higher as Risk Appetite Picks Up, Focus on ECB Meeting
The euro edged higher on Monday as risk appetite picked up while investors awaited a European Central Bank (ECB) policy meeting later this week. Asian shares joined U.S. stock futures in making cautious gains ahead of U.S. inflation data this week. Markets, which have already priced in several ECB rate increases and the end of…
Dollar Steadies Ahead of Data, Yuan Rises in Low Volume
The dollar was little changed on Friday, even as risk appetite picked up ahead of U.S. jobs data. European shares were mostly higher as investors waited for data which could provide hints on the pace of the Federal Reserve’s policy tightening in the second half of 2022. The ADP National Employment Report showed U.S. payrolls…
Euro and Yen Rebound Versus Dollar, Swiss Franc Gains on Inflation Jump
LONDON—The euro and the yen rose on Thursday, reversing some of their recent losses against the U.S. dollar, while the Swiss franc hit a one-month high against the euro after Swiss inflation soared to its highest in 14-years. The dollar had risen to a three-week high versus the Japanese yen and rallied versus the euro…
Dollar Edges up Against Euro, Hits Two-Week High Versus Yen
LONDON—The euro edged further away from a one-month high on Wednesday and the U.S. dollar nudged up, lifted by higher Treasury yields as global inflation worries flared anew. The dollar index, which measures the currency against six major peers, including the euro, rose 0.2 percent to 101.96, extending Tuesday’s gains, when data showed eurozone consumer…
Russian Central Bank Plays Down Role of Dollar and Euro at Home and Globally
May 31, 2022
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Russia’s central bank said on Tuesday that the role of the dollar and the euro as global currencies would decline as central banks rethink their strategies after the West froze Russian reserves, suggesting it could consider imposing negative rates for dollar and euro deposits. Unprecedented Western sanctions have frozen around half of Russia’s gold and…
Dollar Drifts Up but Set for Biggest Weekly Drop in 4 Months
LONDON—The dollar edged higher on Friday but was on track for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S. central bank might slow or even pause its tightening cycle in the second half of the year. A broad-based decline in U.S. Treasury yields,…
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