Currencies
Asia FX stems losses as dollar consolidates; yen digests Q4 recession
Regional currencies were still reeling from a hotter-than-expected U.S. inflation reading, which saw traders further scale back expectations of early interest rate cuts by the Federal Reserve.
Dollar slides versus yen as Japan warns against rapid fall
The dollar fell 0.14% against the yen to 150.57, and was not too far from a three-month high hit against the Japanese currency on Tuesday. The dollar has added about 10 yen in price since the start of this year.
Asia FX rattled by hot US inflation, Japanese yen weakens past 150
Most Asian currencies nursed steep losses on Wednesday, while the dollar hovered near three-month highs after stronger-than-expected U.S. inflation data brewed more fears that the Federal Reserve will keep interest rates higher for longer.
Bitcoin hits $50k level for first time in more than two years
The cryptocurrency has risen 16.3% so far this year, on Monday touching its highest since Dec. 27, 2021. At 12:56 p.m. EST (1756 GMT), bitcoin was up 4.96% on the day at $49,899, having oscillated around the $50,000 level.
Asia FX weakens, dollar edges up with CPI data in sight
Most Asian currencies weakened on Tuesday, while the dollar firmed as markets hunkered down before key U.S. inflation data that is widely expected to factor into the path of interest rates.
Asia FX treads water, dollar edges lower before CPI test
Most Asian currencies moved in a tight range on Monday as market holiday across most of the region kept trading volumes limited, while the dollar fell slightly before key inflation data due this week.
Dollar gains as jobless claims affirm resilient US labor market
The number of Americans filing new claims for unemployment benefits fell more than expected last week, the latest sign of labor market strength despite a recent spike in layoffs.
Asia FX gains some ground as dollar retreats; China weakness persists
Markets were now awaiting more cues on U.S. interest rates after largely dialing back expectations for early rate cuts by the Federal Reserve, following a string of robust economic readings and hawkish comments from Fed officials.
Asia FX steadies as dollar dips from 3-mth high; rate fears persist
Regional currencies were nursing steep losses over the past three sessions, after a string of robust U.S. economic readings and hawkish comments from Federal Reserve officials saw traders largely price out bets on early rate cuts by the central bank.
Dollar steadies near 11-week high, Fed policy path in focus
A string of robust U.S. economic data and remarks from Federal Reserve Chair Jerome Powell have quashed speculation of early and steep interest rate cuts and supported the greenback.