Category: Dollar

The dollar’s dominance has peaked now that inflation is falling and Fed tightening has been priced in, State Street strategist...

Newsbreak 6 months ago in Around The World, Currencies, Dollar, Dollar dominance, Federal Reserve, Inflation, Interest Rates, Markets, MI Exclusive 0

The dollar’s dominance appears to be like set to wane with the Federal Reserve more likely to begin easing up on its tightening marketing campaign, in accordance, in accordance with State Street. SOPA photos The US greenback has jumped 12% this yr, led increased by Federal Reserve rate of interest hikes. But the buck now appears to be like “extremely overvalued,” in accordance with a…

The pound jumps to a 6-week high and UK bond yields fall as new Prime Minister Rishi Sunak pledges to...

Newsbreak 7 months ago in Around The World, Bond Yields, Currencies, Dollar, Economy, FX Market, Jeremy Hunt, Liz Truss, Markets, MI Exclusive, Politics, Pound, Rishi Sunak, UK 0

Rishi Sunak speaks at 10 Downing Street in London on October 24. Dinendra Haria/Anadolu Agency via Getty Images The British pound jumped against the dollar on Tuesday as new UK Prime Minister Rishi Sunak vowed to clean up his predecessor’s “mistakes.”  Former Prime Minister Liz Truss resigned last week after her £43 billion growth plan sent UK borrowing costs surging.  The pound brushed up against…

The Japanese yen is struggling at 3-decade lows while the country’s finance minister says its mix of currency intervention and...

Newsbreak 7 months ago in Around The World, Bank of Japan, Bond Yields, Currencies, Dollar, Federal Reserve, Interest Rates, Markets, MI Exclusive, Yen 0

A money changer counts Japanese Yen notes in Singapore. THERESA BARRACLOUGH/AFP via Getty Images Defending the yen through intervention while the BoJ maintains loose monetary policy is “not contradictory,” Japan’s finance minister said. Japan likely spent a record 5.5 trillion yen in its latest market intervention.  The yen recently hit a fresh 32-year low against the US dollar.  Japan’s finance ministry has been defending the…