Dollar holds firm, yen slides as US rate-cut bets recede

Top Stories
Most Popular

Panorama

China to launch lunar probe Chang'e-6 to collect samples from far side of moon

Mexican man wins case against Cartier after buying $13,000 earrings online for $13

Dad charged with killing 6-year-old son after abusive treadmill workout in U.S.

Boy, 14, killed in daylight sword rampage in London

Highway collapse kills 19 people in southern China

Paul Auster, American author of The New York Trilogy, dies aged 77

China's giant panda couple set off for Spain

Creepy green flash lights up sky over ocean in Oregon

Cat found safe in California after sneaking into Amazon return box

Leopard spotted in Hyderabad airport, trap set up to capture predator

Home Business Dollar holds firm, yen slides as US rate-cut bets recede 15-04-2024 10:53 AM Ammon News - The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support. The dollar went up 1.6% against a basket of six major currencies last week after a small but unnerving upside surprise in U.S. inflation cast doubt over bets on U.S. rate cuts, while European policymakers signalled a cut within a few months. It made a five-month top on the euro on Friday and traded near those levels early in the Asia day, buying a euro for $1.0655. The yen was the main loser on Monday, marking a 34-year low at 153.85 to the dollar. The yen's slide against the dollar has revived anticipation of currency intervention. Japanese Finance Minister Shunichi Suzuki said he was watching currency moves closely, and that Tokyo is "fully prepared" to act. Reuters

Home Business

Dollar holds firm, yen slides as US rate-cut bets recede

15-04-2024 10:53 AM

Ammon News - The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support.

The dollar went up 1.6% against a basket of six major currencies last week after a small but unnerving upside surprise in U.S.

inflation cast doubt over bets on U.S. rate cuts, while European policymakers signalled a cut within a few months.

It made a five-month top on the euro on Friday and traded near those levels early in the Asia day, buying a euro for $1.0655.

The yen was the main loser on Monday, marking a 34-year low at 153.85 to the dollar.

The yen's slide against the dollar has revived anticipation of currency intervention. Japanese Finance Minister Shunichi Suzuki said he was watching currency moves closely, and that Tokyo is "fully prepared" to act.

Reuters

no comments

Notice

All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.

name : *
email
	show email
comment : *
Verification code :	Refresh write code :