Dollar softens to around ¥106.20 in Tokyo amid lack of trading pegs
The dollar eased to levels around ¥106.20 in quiet trading in Tokyo Friday. At 5 p.m., the dollar stood at ¥106.16-20, down slightly from ¥106.24-25 at the same time Thursday. The euro was at $1.1085-1086, down from $1.1147-1148, and at ¥117.68-69, down from ¥118.44-45. Except for ...
Dollar weakens to ¥106.24 in Tokyo after stock selloff spurred by U.S. yield curve inversion
The dollar fell to around ¥106 in Tokyo trading Thursday, weighed down by growing concerns about a global recession. At 5 p.m., the dollar stood at ¥106.24-25, down from ¥106.44-44 at the same time Wednesday. The euro was at $1.1147-1148, down from $1.1179-1180, and at ...
Dollar jumps to around ¥106.50 in Tokyo as Trump relents on latest China tariff threat
The dollar surged to around ¥106.50 in Tokyo trading Wednesday as risk-on buying was triggered by the U.S. government's decision to take a step back from its tariff war with China. At 5 p.m., the dollar stood at ¥106.44-44, up sharply from ¥105.19-19 at the ...
The dollar dropped below ¥105.20 in Tokyo trading Tuesday amid concerns over a prolonged U.S.-China trade war. At 5 p.m., the dollar stood at ¥105.19-19, down from ¥105.94-94 at the same time Friday. The euro was at $1.1192-1192, up from $1.1187-1187, and at ¥117.73-74, down ...
The dollar fell below ¥106 in Tokyo trading Friday, pressured by risk-averse selling amid persistent concerns over the U.S.-China trade conflict. At 5 p.m., the dollar stood at ¥105.94, down from ¥106.10 at the same time Thursday. The euro was at $1.1187, down from $1.1216, ...
Trump flirts with currency war in escalating conflict with China
President Donald Trump on Thursday took a step closer to sparking a currency war in the escalating conflict with China, saying he is not happy with the strong dollar. Trump has pursued a policy of maximum pressure, including subjecting all Chinese goods to punitive tariffs ...
The dollar slightly weakened to levels around ¥106.10 in lackluster Tokyo trading Thursday. At 5 p.m., the dollar stood at ¥106.10, down from ¥106.29-30 at the same time Wednesday. The euro was at $1.1216, up from $1.1189, and at ¥119.02, up from ¥118.94. The dollar firmed ...
China fuels fears of currency war by setting weak yuan target rate
The Chinese central bank on Thursday set the yuan reference rate weaker than 7 to the U.S. dollar for the first time in 11 years and three months, deepening fears that the ongoing China-U.S. trade war will escalate into a currency conflict. The People's Bank ...
The dollar dropped below ¥106 at one point in Tokyo trading Wednesday, pressured by a fall in the Nikkei stock average and a steep interest rate cut by New Zealand. At 5 p.m., the dollar stood at ¥106.29-30, down from ¥106.36-36 at the same time ...
Bank of Japan chief Kuroda's pain threshold put to test as yen rallies and yields slump
Global financial turmoil is turning up the heat on the Bank of Japan, raising the question of how much pain it can take before it is forced to act. The BOJ faces two market-driven problems as the U.S.-China trade war escalates — a strengthening yen ...
Trump shrugs off trade war concerns as China warns of market chaos
U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China, as Beijing warned that Washington's decision to label it a currency manipulator would lead to chaos in financial markets. Trump, who announced last week he would slap a 10 percent ...
Trump accuses China of manipulating currency as yuan weakens
President Donald Trump accused China of manipulating its currency after Beijing let the yuan fall to a politically sensitive level against the dollar for the first time in 11 years. The move raised concern that China could use its currency as a weapon in ...
