- S&P Futures
4,208.50 -0.15% - Dow Futures
33,013.00 -0.23% - Nasdaq Futures
14,385.50 -0.08% - Russell 2000 Futures
1,767.20 -0.23% - Crude Oil
69.19 -0.39% - Gold
1,975.10 -0.10% - Silver
23.28 +0.20% - EUR/USD
1.0704 -0.32% - 10-Yr Bond
3.7000 -2.89% - Vix
17.46 0.00% - GBP/USD
1.2392 -0.15% - USD/JPY
139.7550 -0.01% - Bitcoin USD
27,659.60 -0.45% - CMC Crypto 200
613.74 -0.53% - FTSE 100
7,522.07 -1.38% - Nikkei 225
30,976.54 -1.12%
- Yahoo Finance Video
China's weak economic recovery continues to worry U.S. investors
Yahoo Finance Live's Rachelle Akuffo discusses China's economy amid the country's COVID recovery, as well as Elon Musk and Jamie Dimon visiting China this week.
- Reuters
Dollar sags versus yen after Japan warning; Aussie slides on China data
The dollar languished below the psychological 140 yen level on Wednesday after getting knocked back from a six-month high after Japanese officials met on Tuesday to discuss their currency. The Australian dollar rode a rollercoaster after it jumped on heated local inflation data only to be dragged lower moments later by more signs of a slowdown in China, a major trading partner. "We have to remember that the Aussie is a pro-growth currency, strongly linked to the outlook for commodities, and we've seen commodities under pressure of late," said Rodrigo Catril, senior foreign-exchange strategist at National Australia Bank.
- Reuters
FOREX-Dollar sags versus yen after Japan warning; Aussie slides on China data
The dollar languished below the psychological 140 yen level on Wednesday after getting knocked back from a six-month high after Japanese officials met on Tuesday to discuss their currency. The Australian dollar rode a rollercoaster after it jumped on heated local inflation data only to be dragged lower moments later by more signs of a slowdown in China, a major trading partner. "We have to remember that the Aussie is a pro-growth currency, strongly linked to the outlook for commodities, and we've seen commodities under pressure of late," said Rodrigo Catril, senior foreign-exchange strategist at National Australia Bank.
- Reuters
Canadian dollar dips as oil prices fall more than 4%
The Canadian dollar edged lower against its U.S. counterpart on Tuesday as a drop in oil prices offset optimism that a deal to raise the U.S. debt ceiling would be passed by Congress. The loonie was trading 0.1% lower at 1.36 to the greenback, or 73.53 U.S. cents, after moving in a range of 1.3568 to 1.3613. "Under the hood, in terms of the fundamentals, you have got yield spreads giving it support and then weaker oil prices moving against it," said Eric Theoret, global macro strategist at Manulife Investment Management.
- FX Empire
USD/JPY Forecast – US Dollar Pulls Back
The US dollar has pulled back a bit against the Japanese yen, giving back some of the monster run we have seen recently.
- FX Empire
GBP to USD Forecast – The British Pound Has Rallied Significantly
The British pound has rallied significantly from the 1.2350 level, showing signs of life again on Tuesday.
- FX Empire
GBP/JPY Forecast – British Pound Continues to See Volatility Against Yen
The British pound has been all over the place against the Japanese yen as the Bank of Japan calls for an emergency meeting.
- FX Empire
EUR/USD Forecast – Euro Bounces From Trend Line
The euro initially plunged below a major trend line in the 200-Day EMA, only to turn around and show signs of life.
- FX Empire
AUDUSD Forecast – Australian Dollar Initially Pulls Back but Finds Legs
The Aussie dollar has initially fallen during the trading session on Tuesday but turned around to find plenty of support later in the day.
- Yahoo Finance UK
Gold prices slide as dollar rises on Fed rate hike expectations
Optimism over a US-debt deal agreement weighed on gold prices as investors once again gravitate towards riskier assets.
- Bloomberg
Japan Finance Officials to Hold Meeting as Yen Drops
(Bloomberg) -- Japan’s top currency official warned that the government would take action if needed in comments that follow a weakening of the yen to its lowest levels since last November.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatTaiwan Rushes to Prevent China From
- CoinDesk
ECB Finalizes Digital Euro Prototypes as Development Decision Looms
The central bank has examined the use of distributed ledger technology and smart contracts for its potential new digital currency.
- Reuters
Yen dips after Japan's top finance diplomat says watching forex moves
The yen softened slightly against the dollar on Tuesday after Japan's top finance diplomat Masato Kanda said authorities were closely watching foreign exchange market moves, would "respond appropriately", but were not focussing on particular levels. The dollar was last up 0.12% on the day at 140.61 yen , having traded slightly lower immediately before Kanda's remarks. Kanda was speaking after a meeting involving top officials from the Ministry of Finance, Bank of Japan and the financial watchdog.
- Reuters
Euro zone bond yields fall after Spanish inflation cools
Euro zone bond yields fell on Tuesday after Spanish inflation data came in lower than expected, raising hopes that the European Central Bank may raise interest rates less than previously feared. It followed a drop in yields on Monday after Democrats and Republicans reached a deal on the U.S. debt ceiling on Friday. Germany's 10-year yield, the benchmark for the euro zone, was down 4 basis points (bps) at 2.389% on Tuesday after falling 11 bps on Monday.
- Yahoo Finance UK
UK savers missing out on hundreds of pounds amid 'measly' bank rates
Banks criticised for offering 'meagre' returns on customers' savings despite soaring interest rates.
- Reuters
UPDATE 4-Japan's top FX diplomat: Ready to respond to yen moves 'appropriately'
Japan will closely watch currency moves and won't rule out any options, its top currency diplomat said on Tuesday, after financial authorities met in the wake of the yen's slide to a six-month low against the U.S. dollar. Currency rates should move stably, reflecting fundamentals, and excessive volatility is undesirable, Masato Kanda, vice finance minister for international affairs, told reporters. Kanda was speaking after a meeting with counterparts from the Bank of Japan (BOJ) and the country's financial watchdog.
- Reuters
Yen firms as Japan's MOF, BOJ and regulator announce emergency meeting
The yen was last at 140.43 per dollar, flat on the day, having traded as soft as 140.93 before the announcement. Senior officials from the Ministry of Finance, Bank of Japan and Financial Services Agency will meet from 0830 GMT (1730 Tokyo) to discuss international financial markets, the finance ministry said.
- Reuters
CAD gains as investors cheer U.S. debt ceiling deal
The Canadian dollar edged higher against its U.S. counterpart on Monday, clawing back some recent declines, as a deal to temporarily suspend the U.S. debt ceiling boosted investor sentiment. The loonie was trading 0.2% higher at 1.3584 to the greenback, or 73.62 U.S. cents, after moving in a range of 1.3584 to 1.3618. "The Canadian dollar has been able to extend its bounce from Friday thanks to a constructive risk mood following this past weekend's U.S. debt ceiling deal," said Erik Bregar, director, FX & precious metals risk management at Silver Gold Bull.
- FX Empire
USD/JPY Forecast – US Dollar Pulls Back on Memorial Day
The US dollar initially tried to rally against the Japanese yen on Monday but found a bit of resistance above, and it now looks like it’s ready to pull back a bit.
- FX Empire
GBP to USD Forecast – British Pound Gives Up an Early Gain
The British pound initially tried to rally during the trading session on Monday, but as it was Memorial Day, liquidity was an issue.
- FX Empire
GBP/JPY Forecast – British Pound Pulls Back on Monday
The British pound pulled back on Monday as the market had gotten too far ahead. At this point, the market is likely to pull back toward the ¥172.50 level, where I would expect buyers to return.
- FX Empire
EUR/USD Forecast – Euro Gives Up Early Gains During Holiday Trading
The euro initially tried to rally during the trading session on Monday, but as it was Memorial Day in the United States it’s not a huge surprise that the market did very little.
- FX Empire
AUDUSD Forecast – Australian Dollar Rallies on Monday
The Australian dollar rallied rather significantly during the trading session on Monday, although it was Memorial Day, so that’s something worth paying attention to.
- Investing.com
Asia FX muted, dollar steady as Fed fears stifle debt deal cheer
Investing.com -- Most Asian currencies kept to a tight range on Monday, while the dollar steadied at a two-month high as signs of sticky inflation and rising U.S. interest rates largely offset optimism over a U.S. debt ceiling deal.
- Yahoo Finance UK
Car insurance customers paying monthly risk £300 penalty
Consumers who can least afford to pay over the odds more likely to be hit with a penalty of £302 on average.
