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Asia FX dips as dollar steadies from payrolls plunge; yen reverses course May 6, 2024 05:23AM

Investing.com-- Most Asian currencies weakened on Monday as the dollar steadied from a tumble on Friday after weaker-than-expected payrolls data saw markets ramp up bets on interest rate cuts by the Federal Reserve.

The Japanese yen was the worst performer in Asia, reversing course after apparent government intervention last week saw the currency rebound from 34-year lows. 

Most regional currencies were also sitting on strong gains from Friday, following the payrolls... (continue reading...)


Dollar steadies as traders eye Federal Rate path following soft U.S. jobs data May 6, 2024 05:22AM

Investing.com -- The U.S. dollar steadied on Monday after slumping in the prior week on weaker-than-anticipated nonfarm payrolls data, which led traders to push up the timeline for potential Federal Reserve interest rate cuts this year.

At 04:31 ET (08:31 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.04% higher at 105.07.

It had fallen last week to a more than three-week low, a decline fueled by wagers that... (continue reading...)


Dollar weaker on Fed rate cut hopes, yen retreats after strong week May 5, 2024 09:09PM

By Chuck Mikolajczak

NEW YORK (Reuters) -The dollar fell against most currencies on Monday for a fourth straight session as recent labor market data and comments from Federal Reserve officials buoyed rate-cut hopes, but the greenback strengthened against the yen after last week's suspected interventions.

The dollar index, which measures the greenback against a basket of major currencies, was on track for its longest streak of declines since... (continue reading...)


Japanese yen rises, USDJPY hits 3-week low on suspected intervention May 3, 2024 06:14AM

Investing.com-- The Japanese yen firmed on Friday, with the USDJPY pair hitting a three-week low after  sharp declines through this week that traders largely attributed to government intervention. 

The USDJPY pair, which gauges the amount of yen required to buy one dollar, was trading down 0.2% at 153.34 yen. It had fallen as low as 152.9 on Thursday, reaching its weakest level since mid-April.

The USDJPY pair fell sharply through this week amid increasing evidence... (continue reading...)


Asia FX on guard before payrolls data, yen rebounds amid likely intervention May 3, 2024 06:11AM

Investing.com-- Most Asian currencies rose slightly on Friday, capitalizing on a drop in the dollar as markets hunkered down before key U.S. payrolls data that is likely to factor into interest rates. 

The dollar was also pressured by a rebound in the Japanese yen, which pulled further away from 34-year lows amid what appeared to be government intervention in currency markets. 

Weakness in the dollar offered some breathing room to regional currencies, although they... (continue reading...)


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