Concurrently, oil prices dipped, exerting additional pressure on the broader dollar index across Asia. Trump's stern calls on OPEC, particularly Saudi Arabia, to boost production and slash prices are a boon for Asia's vast oil-dependent economies, alleviating some of their financial strain.
Japan's central bank has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target level.
Japan's central bank raised interest rates to their highest since the 2008 global financial crisis and revised up its inflation forecasts.
Markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen strengthened after a widely expected interest rate hike by the Bank of Japan. Given this reality,
Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.
Barclays Plc hired former Garda Capital Partners LP portfolio manager Yoichi Takemura to strengthen its yen rates trading business, as global financial companies compete for talent to capitalize on Japan’s revived $7.
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Asian shares rallied yesterday after US President Donald Trump said he thought he could reach a trade deal rather than impose tariffs on China.The SET index moved in a range of 1,338.29 and 1,363.92 points this week,
In a widely anticipated move, the Bank of Japan on Jan. 24 raised its short-term policy rate to 0.50% from 0.25%. Read more here.
The U.S. dollar experienced its largest weekly loss in over a year, falling 1.8% after President Donald Trump hinted at a softer stance on tariffs against China. In an interview with Fox News, Trump expressed
The Fed is expected to keep interest rates on hold but the larger story unfolding will be how the central bank confronts early moves by Trump.
U.S. stock futures were moving lower in early action on Friday, on the heels of the first record for the S&P 500 of 2024. Dow Jones Industrial Average futures fell 15 points, or 0.03%, to 44,732 S&P 500 futures slipped 7 points,