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foreign exchange
Goldman Sachs abandons weak-dollar call, citing AI boom
Goldman Sachs The Goldman Sachs Group, Inc. has raised its dollar forecasts and abandoned its earlier call for broad greenback weakness, arguing that forces underpinning the currency look increasingly durable rather than temporary.
Yuan hits two-year high as won languishes near crisis-era lows
China's yuan edged higher on Friday, on track for its first weekly gain in three weeks, while South Korea's won remained under pressure near multi-year lows — underscoring a widening divergence across Asian foreign exchange markets that has prompted emergency…
Emerging-market stocks rally as soft U.S. jobs data weakens dollar
Emerging-market equities rallied on Friday as a weaker-than-expected U.S. jobs report pulled the dollar toward its steepest weekly decline since April, easing pressure on developing-world assets that had been battered by Federal Reserve rate-hike fears.
Yen jumps from 40-year low after US jobs report misses forecast
The Japanese yen rallied sharply on Thursday after a much weaker-than-expected US employment report pressured the dollar, pulling USD/JPY down from near its four-decade low and reigniting speculation that Tokyo may intervene in currency markets ahead of the US Independence…
Japan shifts to surprise intervention tactics as yen hits 40-year low
The Japanese yen slid to its weakest level against the dollar in four decades this week, breaching 162.80 and reviving fears of a deeper collapse toward 200 per dollar, as Tokyo signaled a new strategy of unsignalled, surprise interventions to…
Dollar posts best quarterly gain of 2026, rattling global currencies
The U.S. dollar closed out the second quarter of 2026 as the foreign exchange market's standout winner, gaining 1.4% against a basket of major currencies, according to Reuters. The greenback's advance — buoyed by a hawkish Federal Reserve pivot and…
Yen short squeeze risk grows as Japan’s flows turn supportive
The conditions for a disruptive reversal in yen carry trades are intensifying, with Japan's trade and investment flows turning positive, speculative short positions at their highest in nearly a decade, and the currency trading at what analysts describe as the…
Bitcoin falls below $60,000 as yen hits 40-year low
Bitcoin declined on Tuesday, trading near $59,000 after the Japanese yen's slide to a 40-year low boosted the U.S. dollar and Michael Saylor's Strategy announced it may sell up to $1.25 billion worth of the cryptocurrency — a move that…
Dollar strength squeezes currencies from Asia to Europe
Asian and Central and Eastern European currencies started the week under pressure on Monday as a hawkish Federal Reserve stance, AI-driven equity volatility, and lingering U.S.-Iran tensions kept the dollar bid across global markets.
Asian currencies buckle as dollar heads for best month since July 2025
Several Asian currencies faced broad-based selling pressure on Friday as the U.S. dollar, buoyed by hawkish Federal Reserve expectations and upbeat economic data, remained on track for a weekly gain despite easing slightly in the session.
Dollar retreats as rate-hike bets cool, yen steadies near 40-year low
The U.S. dollar eased against most major currencies on Friday as inflation data and Federal Reserve commentary led traders to scale back rate-hike expectations, offering relief to the Japanese yen after it touched a two-year low earlier in the week.
Euro slides as US-Iran sanctions waiver and cautious Lagarde weigh on currency
The euro weakened against the U.S. dollar on Tuesday as diplomatic breakthroughs between the United States and Iran eased geopolitical tensions and pushed oil prices lower, while European Central Bank President Christine Lagarde's measured tone on monetary policy weighed further…
Japan, U.S. hold emergency talks as yen nears 1986 low
Japan's Finance Minister Satsuki Katayama held an emergency online meeting with U.S. Treasury Secretary Scott Bessent on Monday evening as the yen slid to approximately 161.9 per dollar, approaching its weakest level since 1986, according to Reuters, citing a source…
Dollar firms as Hormuz tensions, Starmer crisis rattle markets
The U.S. dollar is poised to strengthen as trading opens Monday, with investors seeking safety amid renewed tensions over the Strait of Hormuz and growing political uncertainty in the United Kingdom. Sterling fell to around $1.321 last week and faces…
Yen slides to brink of 40-year low despite BOJ rate hike
The Japanese yen traded near its weakest level in nearly four decades on Friday, June 19, putting markets on heightened intervention watch as the Bank of Japan's rate hike earlier in the week proved insufficient to arrest the currency's slide.