The dollar retreated in Asian trading Friday as risk appetite improved in the region following strong gains on Wall Street overnight. The yen fluctuated between gains and losses. USD/JPY was little changed at 147.18, paring an earlier 0.4% advance; the pair has been whipsawed this week, falling as low as 141.70 as yen-carry positions were unwound…
The yen surged to its highest level since January and stocks tumbled, with investors betting the Bank of Japan will keep raising interest rates after last Wednesday’s hike. USD/JPY dropped as much as 1.2% to 144.77, while Japan’s benchmark 10-year bond yield fell to its lowest since April, slipping as much as 17 basis points Leveraged funds were…
European markets opened mixed on Thursday as investors process a raft of central bank action. The pan-European Stoxx 600 index was 0.05% lower in early deals, with sectors and major bourses across the region trading diverging. Media and chemicals stocks were both down 0.82% while mining stocks were up 0.5%. The Bank of England announces…
Australia’s core inflation unexpectedly decelerated last quarter, supporting the Reserve Bank’s view that prices will gradually ease and prompting traders to boost bets on an interest-rate cut. The currency and bond yields dropped. The closely-watched trimmed mean core measure, which smooths out volatile items, climbed 3.9% in the second quarter from 4% three months earlier,…
Japanese stocks jumped on Tuesday as traders ramped up their bets ahead of crucial upcoming events, including Japan’s central bank meeting. The Nikkei 225 gained 0.15%, or 57.32 points, to close at 38,525.95. On Wednesday, the BOJ will outline plans to taper bond purchases and consider the timing of its next interest rate hike, marking…
European stocks opened lower Tuesday as investors assess the economic and political outlook in the region and beyond. The pan-European Stoxx 600 was down 0.5% as all sectors and major bourses traded in the red. Mining stocks led losses, down 0.97%, while autos also sank 0.9%. Shares of German fashion house Hugo Boss plunged more…
