The yen was choppy on Thursday after a sharp drop in the previous session in a volatile week that has left sentiment fragile as investors weigh the unwinding of popular carry trades and ponder the rate path Japan’s central bank is likely to take. The yen was last slightly stronger at 146.09 per dollar, having…
Australia’s central bank is “vigilant” over upside risks to inflation and won’t hesitate to raise interest rates further if needed, Governor Michele Bullock said, reinforcing her hawkish rhetoric from earlier this week. “I know this is not what people want to hear,” Bullock said Thursday in a speech in her hometown of Armidale in northern New South Wales. “But…
Gold rose following a five-day drop — the longest run of declines in almost six months — as traders took their cues from wider markets after a bumpy ride, with the US dollar and Treasury yields both weakening. Bullion for immediate delivery climbed toward $2,395 an ounce after shedding almost 3% in the losing streak. With Asian…
