Japan’s yen surges after U.S. data as traders monitor intervention
People stand outside a money changer looking at the rates of the Japanese yen against foreign currencies, along a street...
archiveCurrency markets
Japan’s yen surges after U.S. data as traders monitor intervention
People stand outside a money changer looking at the rates of the Japanese yen against foreign currencies, along a street...
Japanese yen weakens to 161 against the U.S. dollar
New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan's Institute for Monetary and...
INR/USD: How India’s Rupee Became One of Asia’s Most Stable Currencies
The Indian rupee has gone from being one of Asia’s most volatile currencies to among its most stable in the...
China’s yuan RMB internationalization needs more ‘applications,’ HKEX CEO
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok,...
Yen Is Under Pressure Even as Japan Steps Up Its Verbal Warnings
(Bloomberg) -- The yen remained under pressure and close to key levels against the dollar Monday, even as Japan’s top...
Japan Says It’s Ready to Intervene in Currency Markets 24 Hours a Day If Needed
The yen inched lower toward a key level against the dollar Monday, even as Japan’s top currency official warned that authorities stand ready to intervene in currency markets 24 hours a day if necessary. “If there are excessive currency fluctuations, it has a negative impact on the national economy," said Vice Finance Minister Masato Kanda. “In the event of excessive moves based on speculation, we are prepared to take appropriate action." Kanda was speaking as the yen traded ever closer to 160 to dollar and the weak point of 160.17...
Currency market steadies ahead of U.S. inflation test, Fed decision
Markets are currently pricing in a roughly 56% chance of a cut in September, according to the CME FedWatch tool,...
Long lines form and frustration grows as Cuba runs short of cash
HAVANA -- Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos...
Yellen says currency intervention acceptable only in rare situations
(Adds quotes, context) WASHINGTON, April 25 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Thursday the strong dollar reflected the strength of the U.S. economy and high interest rates, insisting that interventions by governments in currency markets were acceptable only in rare circumstances. Yellen, speaking in an interview with Reuters, acknowledged the strength of the dollar and divergences with other countries, but said the dollar's rise reflected "the strength of the U.S. economy and the level of interest rates." The former chair of the Federal Reserve declined to comment...