Dollar

An eventful Wednesday saw the Bank of Japan (BOJ) raise interest rates to levels not seen in 15 years. This prompted traders to reassess popular carry trades before the Federal Reserve held rates steady but hinted at potential rate cuts …

Key points: The Nikkei index increased by 0.25%, supported by banking stocks after the BOJ rate hike. Banks attracted substantial foreign investments, with net stock purchases reaching 472 billion yen. Japan’s Nikkei share average rose on Wednesday, buoyed by banking …

The Australian dollar fell to a three-month low on Wednesday following a softer reading on core inflation. This change in data dampened expectations for further rate hikes and caused a surge in bond futures.

Emerging Asian currencies and stocks experienced gains on Wednesday as traders awaited the US Federal Reserve’s policy decision. The South Korean won and the Thai baht led the way among currencies, rising by 0.6% and 0.5%, respectively.

The Japanese yen took a breather from its recent rally as the BOJ began its two-day meeting on Tuesday. Last week, the yen surged over 2% against the dollar.

The Indian rupee faces renewed pressure this week, with traders expecting it to stay near its record low against the U.S. dollar. The rupee closed last week at 83.7275, its weakest level ever, and non-deliverable forwards suggest it will open …

CAD weakens against USD as the markets await the May manufacturing and wholesale sales data of Canada. Read more for forecasts and the market implications.

The yen (USDJPY) dominated currency markets this month, climbing to a near three-month high of 151.945 per dollar on Thursday. This is a major shift from its 38-year low of 161.96 per dollar at the start of the month. By …

Key points:  The euro slipped further below its weekly peak, driven by technical trading.  The US dollar continues to gain strength, supported by strong economic data.  Upcoming US GDP and PCE data are expected to influence market movements.  The EURUSD …

Tesla stock falls following Q2 earnings miss. CEO Elon Musk forecasts a $5 trillion valuation with robotaxis. Read more for market implication.