dollar

The sterling pound fell to a record low against the dollar on Monday, dropping to as low as $1.0327 during morning trade before recouping the $1.05 level. What Happened: Investors and traders were spooked as Britain’s new Chancellor of the Exchequer Kwasi Kwarteng announced the...

The Japanese yen has breached the crucial 144-mark against the greenback in Asia trading on Wednesday as the dollar continued its rally ahead of the release of the U.S. Federal Reserve's "Summary of Commentary on Current Economic Conditions," popularly known as its ...

The dollar is strengthening against the Japanese yen, with the USD/JPY pair gradually moving towards the 140 mark. On Thursday morning Asia session, the pair gained 0.5% from the previous day’s close to hit a 24-year high of 139.69.  USD/JPY was last trading at 139.32 at press time...

With the Japanese Yen slowly inching toward the psychological mark of 140 against the dollar, experts believe there could be some sort of “verbal intervention”. Key Level: Data compiled by Bloomberg stated that a gauge of the yen’s implied volatility from the options market...

Former Goldman Sachs executive and macroeconomic expert Raoul Pal believes if the dollar continues its rally, it could worsen the outlook for a lot of assets including oil and emerging market equities. What Happened: “If the dollar keeps going, it’s going to really break...

The dollar index, a gauge that reflects the strength of the dollar against a basket of currencies, hit a two-decade high of 109.4 on Monday. The move comes after Federal Reserve Chair Jerome Powell indicated in his Jackson Hole speech on Friday that another unusually large hike could be appropriate...

The dollar index hit its highest level since mid-July, trading near 108.22 during Monday morning Asia session, following a hawkish comment from a U.S. Federal Reserve official last week.  Traders are also eyeing Fed Chair Jerome Powell’s speech on the economic outlook...

The U.S. dollar traded marginally higher during the Asia session on Wednesday as traders prepared for U.S. consumer inflation data due later in the day, which will determine the course of prospective rate hikes. Earlier, a strong July jobs report had stoked fears of aggressive rate hikes by the...

The dollar extended its gains against the Japanese yen on Monday, with a better-than-expected July jobs report in the U.S. triggering fears of aggressive rate hikes by the Federal Reserve. Price Movement: The USD/JPY pair was trading at 135.28 on Monday morning Asia session, its highest...

The Indian rupee fell below the 79.5 mark against the dollar on Thursday morning Asia session as the country’s trade deficit widened to a record $31 billion. The figure sparked concerns among traders about how India will fund its current account deficit (CAD). What Happened: Government...

Japanese Finance Minister Shunichi Suzuki described the recent yen swings as "hectic" and highlighted the complications in responding to sharp currency moves, according to Reuters. Suzuki reportedly said he would carefully observe yen moves and their impact on the economy...

The euro's fall has come to the rescue of carry traders looking to invest in emerging market currencies. Such trades, where borrowed euros are used to invest in high-yielding emerging market (EM) currencies, have recorded lucrative profits to the tune of about 29% this year, depending on the...

Japanese insurance giant Meiji Yasuda Life Insurance Co reportedly said it may look at buying U.S. Treasuries at a yield of 3% without any currency hedging if the dollar falls below the 135 mark against the yen. Yoshimasa Osaki, head of investment planning, told Reuters that foreign-currency bonds...

Hedge funds have reportedly unwound long dollar-yen trades after the U.S. Federal Reserve hinted the pace of prospective hikes could be slower. Price Movement: From a low of 137.46 against the dollar yesterday, the yen rose to the 135.11 mark on Thursday morning in Asia to hit a three-week...

Microsoft Corporation (NASDAQ: MSFT) Chief Financial Officer Amy Hood said the tech giant was hammered in its last quarter by a strong dollar and production shutdowns in China linked to COVID-19 restrictions. What Happened: Hood said that the dollar strengthened throughout...