Tag - dollar

 
 

DOLLAR

A television station broadcasts Jerome Powell, chairman of the U.S. Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) on Wednesday.
BUSINESS / Markets
Dec 19, 2024
U.S. stocks tumble, dollar rallies as Fed signals fewer 2025 rate cuts
After latest interest rate cut, Fed 'significantly closer' to the point where no further cuts needed: Powell
The yen slumped to its weakest in level in more than two weeks on Wednesday as traders reacted to a report that BOJ officials saw little cost to waiting before raising rates.
BUSINESS / Markets
Dec 12, 2024
Danger for yen emerges with speculation BOJ may stand pat longer
A small taste of the dangers ahead came Wednesday, when the yen slumped to its weakest in level in more than two weeks.
The headquarters of the Bank of Japan in Tokyo
BUSINESS
Dec 5, 2024
BOJ rate hike bets retreat as traders count down to key meeting
The predictions hardly budged even after one of the policy board’s most dovish members said he isn’t opposed to higher rates.
PayPay Bank is competing for funds as rates rise.
BUSINESS / Companies
Dec 5, 2024
PayPay Bank paying big to attract deposits, with offer of 2% on dollars and yen
The offer is many times the rates advertised by competing banks and applies to yen deposits of up to ¥5 million, with no limit for dollar deposits.
People walk past a board displaying currency exchange rates of the U.S. dollar and Euro against Russian ruble in Moscow on Nov. 27.
BUSINESS / Markets
Dec 4, 2024
Why the euro is closing in on parity with the U.S. dollar again
Hitting parity is psychologically significant for investors and policymakers and could spur a period of volatility for the euro.
Rakuten Group is targeting the sale of as much as $550 million of subordinated notes with price talk for the deal at around 8.375%.
BUSINESS / Companies
Dec 4, 2024
Rakuten targets its lowest-cost junk bond sale since 2021
The e-commerce giant is targeting the sale of as much as $550 million of subordinated notes that can be called after five years.
The yen carry trade is expected to ramp up next year, driven by wide gaps in interest rates, higher government borrowing in the U.S. and low volatility in currency markets, analysts say.
BUSINESS / Markets
Dec 3, 2024
Yen carry trade that rattled markets shows signs of a comeback
Japanese retail investors as well as leveraged funds and asset managers outside the country are estimated to have boosted bearish wagers on the yen in November.
Rakuten Group is considering the sale of hybrid perpetual notes that can be called after five years.
BUSINESS / Companies
Dec 2, 2024
Rakuten plans return to dollar bond market with hybrid notes
Rakuten’s liquidity has improved but an increased reliance on the dollar bond market may indicate weakened domestic funding access.
U.S. President-elect Donald Trump on the campaign trail pledged that he would make it costly for countries to move away from the U.S. dollar. And he’s threatened to use tariffs to ensure they complied.
BUSINESS
Dec 1, 2024
Trump demands ‘commitment’ from BRICS nations on using dollar
Backlash against the dollar’s dominance gained traction in 2022 when the U.S. led efforts to impose economic sanctions on Russia.
Beijing’s long-standing line has been a commitment to keep the yuan "basically stable.” But U.S. President-elect Donald Trump’s return — and his threat of tariffs — may test that.
COMMENTARY
Nov 27, 2024
China will send a weaker yuan to the Trump front
Beijing’s long-standing line has been a commitment to keep the yuan "basically stable.” But Trump’s return with his tariff threats may test that.
Owning dollars has been a winning strategy for Chinese companies. The currency has been kept strong by high U.S. rates and falling Chinese ones.
BUSINESS / Markets / ANALYSIS
Nov 22, 2024
Corporate China seeks dollars as trade tensions rise
Chinese firms are squirreling away dollars, pricing contracts in yuan and opening import lines to mitigate currency risks,
The likelihood of interest-rate hikes from the Bank of Japan and further cuts from the Federal Reserve will drive the yen's recovery to as far as ¥130 against the dollar, according to some strategists.
BUSINESS / Markets
Nov 18, 2024
Yen bulls lie in wait for U.S.-Japan yield gap to shrink next year
The likelihood of Bank of Japan interest-rate hikes and further Federal Reserve cuts will drive the yen's recovery, some say.
Masato Kanda, then-vice minister of finance for international affairs, in January 2022
BUSINESS
Nov 13, 2024
As pain from weak yen deepens, Japan's ex-currency chief Masato Kanda warns of action
Kanda's warning came as the Japanese currency weakened to a three-month low of near ¥155 to the dollar.
Bundles of Chinese yuan banknotes at the Ninja Money Exchange, operated by Interbank HD, in the Shinjuku district of Tokyo on June 9, 2022.
BUSINESS / Markets
Nov 7, 2024
Trump’s resurgence sinks emerging markets as dollar soars
Currencies in Eastern Europe led losses, sending the emerging-market currency gauge to its worst day since February 2023.
Tokyo stocks rallied on Wednesday as ballots were counted in the U.S. presidential election.
BUSINESS / Markets
Nov 6, 2024
Tokyo stocks rally and yen falls as Trump nears election win
The 225-issue Nikkei stock average rose 2.61% on the day while the yen fell 1.6% against the dollar as it became increasingly apparent that Donald Trump would likely win.
A screen showing the yen's exchange rate against the U.S. dollar in July
BUSINESS / Economy
Nov 5, 2024
Yen is the first of many Japanese assets set to pivot on U.S. election
Given the size and liquidity of its markets, Japan will be in particular focus during the U.S. election.
A perfect storm of political uncertainty at home and abroad is brewing for markets in Japan.
BUSINESS / Markets
Nov 1, 2024
Investors in Japan place — and hedge — their bets ahead of U.S. election
Donald Trump's lead in U.S. battleground-state polls, coupled with the outcome of Sunday's Lower House election, is fueling bets on the dollar against the yen.
Stock data is displayed in the Lujiazui financial district in Shanghai in August.
BUSINESS / Markets / ANALYSIS
Nov 1, 2024
Investors take cover in Asia ahead of U.S. election
Money managers are looking to make bets in India or China that stand to gain regardless of who becomes president. 
In the run-up to the Nov. 5 U.S. presidential election, the yen is again the top performer during periods of extreme market stress, analysts say.
BUSINESS / Markets
Oct 29, 2024
Embattled yen still popular haven amid U.S. election uncertainty
Japan’s record ¥3.02 trillion current-account surplus, deep yen liquidity and relatively low inflation help make the yen attractive as a store of value.
The prospect of the yen's further depreciation is prompting strategists to warn of increased intervention risk near the ¥150 level, or the 200-day moving average of ¥151.25.
BUSINESS / Economy
Oct 15, 2024
Intervention back on investors’ radars as yen weakens against dollar
The yen had its worst loss against the dollar since 2009 in the five days through Oct. 4.

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