Investing.com UK on Nostr: Asia FX sees some relief as dollar cools; yen firms amid intervention talk ========== ...
Asia FX sees some relief as dollar cools; yen firms amid intervention talk
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Most Asian currencies firmed slightly as the dollar cooled, with the Japanese yen gaining ground amid speculation over government intervention and rate hikes by the Bank of Japan. Sentiment towards Asian markets remained fragile due to the prospect of a trade war between China and the West. The Chinese yuan weakened on Tuesday, and the USD/CNY pair surged to a seven-month high after a weak midpoint fix by the People’s Bank of China. The dollar index futures fell slightly, extending an overnight decline. Focus this week is on key consumer price index inflation data from Tokyo and the upcoming PCE price index data in the US. The Australian dollar rose 0.1%, and the South Korean won and Singapore dollar were flat. The Indian rupee traded flat but was off record highs from last week.
#Asia #Currencies #Dollar #Yen #Intervention #TradeWar #China #West
https://uk.investing.com/news/forex-news/asia-fx-sees-some-relief-as-dollar-cools-yen-firms-amid-intervention-talk-3561296
==========
Most Asian currencies firmed slightly as the dollar cooled, with the Japanese yen gaining ground amid speculation over government intervention and rate hikes by the Bank of Japan. Sentiment towards Asian markets remained fragile due to the prospect of a trade war between China and the West. The Chinese yuan weakened on Tuesday, and the USD/CNY pair surged to a seven-month high after a weak midpoint fix by the People’s Bank of China. The dollar index futures fell slightly, extending an overnight decline. Focus this week is on key consumer price index inflation data from Tokyo and the upcoming PCE price index data in the US. The Australian dollar rose 0.1%, and the South Korean won and Singapore dollar were flat. The Indian rupee traded flat but was off record highs from last week.
#Asia #Currencies #Dollar #Yen #Intervention #TradeWar #China #West
https://uk.investing.com/news/forex-news/asia-fx-sees-some-relief-as-dollar-cools-yen-firms-amid-intervention-talk-3561296