The yuan lost value in response to China’s economy growing much less than expected. It barely surpassed the government’s estimate of 5% for 2023, marking one of the worst growth rates in over three decades. This means that the rebound after the health crisis did not have the expected momentum and, on the contrary, set […]
Dollar slips ahead of European Central Bank data
The dollar (USD) is trading lower on Monday, in a vital week ahead of key U.S. growth and inflation data and the first meeting of the Federal Reserve (Fed).C The dollar index, which follows the greenback against a basket of six other benchmark currencies, was down 0.1 percent at 102.984 at midday, falling from one-month […]
USD/JPY rises to eight-week high ahead of Bank of Japan meeting
Today, the USD/JPY hit an eight-week high, rising above 148.80 before settling back at around 148.35. This move comes as markets await the Bank of Japan (BoJ) meeting scheduled for early next week with high expectations. The bank is expected to halt its negative interest rate policy, which could curb the recent depreciation of the […]
Bank of America Says Currency Market May Become More Volatile This Year
Bank of America analysts suggest that volatility may become a constant feature in the market this year, driven by the high likelihood of Federal Reserve (Fed) interest rate cuts in the coming months. In case volatility is present in the market, analysts warn that it can be an excellent market opportunity, since the price tends […]