Euro weakens amid Middle Eastern conflict and regional growth concerns By Investing.com

© Reuters The euro continues to experience a downturn, primarily driven by the risk-off sentiment due to escalating conflicts in the Middle East. This has led investors to favor the dollar over the European currency, contributing to its weakening. The situation is further exacerbated by China’s disappointing Golden Week spending and a significant contraction in

Pound Sterling weakens as investors see Fed-BoE policy divergence intact

Share: Pound Sterling finds buying interest while UK recession risks remain intact. UK Manufacturing PMI is expected to contract for the 14th time in a row. UK’s real estate inquiries increase as households see no more increase in mortgage rates. The Pound Sterling (GBP) faces an intense sell-off despite the United States’ core Personal

Japanese Yen Weakens Again, Markets Watchful For BoJ Intervention

USD/JPY closes in on eleven month highs Interest rate differentials continue to crush the Yen after BoJ stood pat last week Markets suspect it’s more likely to step in and bolster the Yen at current levels The Japanese Yen fell to a ten-month low against a generally stronger United States Dollar on Monday, pushing USD/JPY

Asia FX weakens, dollar at 6-mth high with Fed speakers in focus By Investing.com

© Reuters. Investing.com– Most Asian currencies fell on Wednesday, hit by persistent concerns over slowing economic growth and high oil prices, while the dollar surged to six-month highs before more cues on U.S. monetary policy from a string of Federal Reserve officials. A broader risk-off sentiment also kept traders wary of regional currencies, following weak

Japan finance minister offers no clues on intervention as yen weakens By Reuters

© Reuters. FILE PHOTO: Banknotes of Japanese yen are seen in this illustration picture taken June 15, 2022. REUTERS/Florence Lo/Illustration/File Photo By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Friday that currencies should be set by markets although sudden moves are undesirable, while signalling no clear sign of intervening in the

Asia FX creeps higher as dollar weakens ahead of U.S. data deluge By Investing.com

© Reuters. Investing.com —  Most Asian currencies strengthened on Tuesday, while the dollar retreated from near three-month highs as investors trimmed some positions before a slew of key economic readings this week.  Fears of higher U.S. interest rates spurred a six-week rally in the greenback, following strong inflation and jobs data and as the Federal

Asia FX weakens on U.S. rate hike fears, China gloom By Investing.com

© Reuters. Investing.com — Most Asian currencies fell on Wednesday as strong U.S. economic readings raised concerns over the Federal Reserve having enough room to keep raising interest rates, while weak economic trends in China also dented sentiment.  Data on Tuesday showed that U.S. grew more than expected in July, presenting more upside risks to