LONDON—A series of hawkish comments amplified bets that the European Central Bank would soon hike interest rates, lifting the euro to a one-week high on Thursday amid expectations French President Emmanuel Macron would win his reelection bid on Sunday. Joachim Nagel, president of Germany’s Bundesbank, joined fellow policymakers in saying the ECB could raise interest…
Yen to Snap Record Losing Streak on Intervention Worries; Euro Jumps
LONDON—The Japanese yen briefly fell to a fresh two-decade low on Wednesday after the Bank of Japan stepped into the market again to defend its ultra-low interest-rate policy, drawing a sharp contrast with the United States where bond yields hit new highs. But the Japanese unit bounced in London trading as increased nervousness around verbal…
Russian Ruble Firms Versus Dollar, OFZ Bonds Near 2-month Highs
April 19, 2022
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The Russian ruble firmed against the dollar on Tuesday, while prices for OFZ government bonds rose to their highest since Feb. 21 on expectations that the central bank would soon cut interest rates again. The ruble has fully recovered to levels seen before Feb. 24 when Russia sent tens of thousands of troops to Ukraine,…
Dollar Climbs to Fresh 20-year High on Yen, Tests 2-year Peak on Euro
LONDON—The dollar rose on Tuesday to a fresh 20-year high against the Japanese yen and tested a two-year peak against the euro, supported by high U.S. Treasury yields. Ten-year U.S. inflation-linked bond yields are within touching distance of turning positive for the first time in two years. The dollar index, which measures the greenback against…
Ruble Firms Past 79 Versus Dollar, Stocks Down
The ruble briefly firmed past the 79 mark against the dollar on Monday, while stock indexes fell as the market lacked new momentum and investors watched developments around what Russia calls “a special military operation” in Ukraine. The Ukrainian foreign minister said over the weekend there had not been any recent diplomatic communications between Russia…
Japan’s Yen Bounces Briefly After Kuroda Comments
SINGAPORE—The yen won a brief reprieve after hitting fresh two-decade lows from Japanese policymaker comments on Monday, even as holidays confined the U.S. dollar to narrow ranges against most other currencies. The yen fell to a two-decade low of 126.795 in early Asian trading, before both Bank of Japan Governor Haruhiko Kuroda and Finance Minister…
Hawkish Fedspeak Keeps Dollar King, Yen Slumps to 20-year Low
TOKYO—The dollar rose to a two-decade peak against the yen and kept close to a two-year high to the euro on Friday, as more hawkish comments from Federal Reserve officials reinforced expectations for faster U.S. policy tightening. The greenback was 0.43 percent higher at 126.40 yen after earlier reaching 126.56 for the first time since…
Euro Turns Negative as ECB Confirms Plans to End Bonds Buys
April 14, 2022
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LONDON—The euro fell on Thursday after the European Central Bank kept its policy stance broadly unchanged, sticking to plans to slowly unwind stimulus. The euro turned negative, falling 0.1 percent to $1.08820 as of 1210 GMT after the ECB confirmed its plans to cut bond purchases, commonly known as quantitative easing, this quarter, then end…
Japanese Yen Falls to 20-year Low as Dollar Outlook Bright
LONDON—The Japanese yen weakened past the 126 yen per dollar mark on Wednesday for the first time since 2002, while the euro was pinned at a one-month low as investors bought the U.S. currency after hawkish comments by Federal Reserve officials. The prospect of fast and aggressive U.S. interest rate hikes and growing market expectations…
Euro Slips Versus Dollar as Treasury Yields Hit Multi-Year Highs
LONDON—The euro gave up post-French election gains on Tuesday and fell against the strengthening dollar, bolstered by high bond yields ahead of U.S. inflation data expected to reinforce bets on aggressive monetary tightening. The data for March, due at 1230 GMT, is expected to show the biggest monthly rise in consumer prices in 16-1/2 years,…
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