News

15 Oct 2024

The yen is on the verge of trading below the 150 per US dollar level

The Japanese yen declined in the Asian market on Tuesday against a basket of currencies, continuing its losses for the third consecutive day against the US dollar, near a two-and-a-half-month low, and on the verge of trading below the 150 per US dollar level. This drop is due to renewed concerns over the interest rate differential between Japan and the United States.

Less aggressive comments in Japan have weakened the likelihood of a third interest rate hike in Japan this year, while bets have increased that the Federal Reserve will proceed with modest interest rate cuts in the near future

Latest News

#News 25 Jul 2025
European Central Bank: Eurozone companies under pressure from Chinese competition

A survey conducted by the European Central Bank revealed that eurozone companies are facing a growin...

Read More
#News 25 Jul 2025
Euro slips from two-week high after ECB meeting

The euro fell against a basket of global currencies at the European market opening on Friday, extend...

Read More
#News 25 Jul 2025
Cryptocurrencies decline, Bitcoin falls by more than 3%

Cryptocurrencies fell during Friday trading amid anticipation of the US trade negotiations with its...

Read More
#News 25 Jul 2025
UK retail sales rise as weather boosts consumer spending

UK retail sales rose by 0.9% month-on-month in June, following a sharp 2.8% decline in May, with sup...

Read More
arrow
واتس آب