The yen rose against the dollar and euro as concern the rate of global economic growth is slowing spurred demand for safer assets as the nation approaches its fiscal year end.
The Japanese currency strengthened against the majority its 16 major counterparts amid speculation Japanese companies will repatriate overseas earnings before the end of the fiscal year on March 31. The dollar strengthened earlier after a report showed U.S. factory orders trailed forecasts and the United Kingdom revised first-quarter growth downward. The 17-nation euro erased losses against the dollar after a draft statement from European finance ministers showed governments are preparing to increase rescue funds.
For more on this Click Here
Prime Minister Theresa May’s Brexit speech might have hogged the headlines on Friday, but expect pound traders’ focus to swing back to the Bank of England and a credit-rating downgrade of the UK.
The US dollar is higher against major pairs at the end of trading on September 22. The NZD and the EUR are the main exceptions with elections in the next 48 hours in both regions. Parliamentary elect
European Central Bank President Mario Draghi stressed once again that the central bank's goal is to "ensure price stability and price stability is defined as an inflation rate which is close to 2%",
China-focused venture capital funds are increasing their bets on local technology companies and a further opening of Chinese domestic capital markets, raising money in the yuan at the fastest pace in
While there have been more abrupt and larger percentage change moves to develop through 2017, none really rival EURUSD for its exceptional performance. This benchmark currency pair - arguably the mos