Economic News Category

January 8, 2024
Japanese Yen Holds Minor Gains Versus US Dollar, Bullish Momentum Limited

The Japanese Yen (JPY) has seen a slight uptick against the US Dollar (USD) as the new trading week commences, yet it continues to hover near a low not seen in over three weeks, a position established the previous Friday. Market participants are now increasingly of the view that the Bank of Japan (BoJ) may

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January 5, 2024
Markets Anticipate Further Decline in Yen Amid Revised Expectations for Fed and BOJ Policies

Markets Anticipate Further Decline in Yen Amid Revised Expectations for Fed and BOJ Policies The Japanese yen is expected to continue its decline as market sentiment shifts due to changing monetary policy forecasts in the United States and Japan. Speculative trading activity has shown a significant sell-off of the yen, with positions being the most

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January 4, 2024
Japanese Yen Continues Downward Trend Versus US Dollar, Reaching Almost Two-Week Low

Japanese Yen Continues Downward Trend Versus US Dollar, Reaching Almost Two-Week Low The Japanese Yen continued its downward spiral against the US Dollar, marking the third consecutive day of decline as it touched a new two-week low in the European trading session. The drop is attributed to several domestic and international factors exerting pressure on

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January 3, 2024
Dollar Starts 2024 at Peak Since March Amid Fed Policy Review

Dollar Starts 2024 at Peak Since March Amid Fed Policy Review The US dollar heralded the start of 2024 by recording its largest daily surge since March, as market participants scaled down their predictions regarding the Federal Reserve’s interest rate cuts for the year. On Tuesday, the Bloomberg Dollar Spot Index climbed over 0.7%, marking

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December 29, 2023
Pound Sterling Advances Amidst Optimistic Market Sentiment, as Investors Overlook UK Recession Concerns

Pound Sterling Advances Amidst Optimistic Market Sentiment, as Investors Overlook UK Recession Concerns As 2023 draws to a close, the Pound Sterling (GBP) is on track to secure substantial gains of nearly 5.60%. This notable rise is propelled by a surge in market optimism, with investors’ risk appetite growing amid diminishing concerns over a global

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