Tag: yen weakens
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Dollar gains, yen weakens as markets eye US CPI
NEW YORK, Aug 10 : The U.S. dollar gained as oil prices increased ahead of Wednesday’s closely watched consumer price inflation report for July, after a much weaker-than-expected jobs report on Friday cast doubt on the likelihood of a near-term Federal Reserve rate hike.Fed funds futures traders are now prici
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Yen weakens after intervention-led surge ahead of BOJ policy decision
HONG KONG, July 31 : The Japanese yen came under renewed pressure on Friday after soaring in the previous session as Tokyo intervened in the currency markets before the Bank of Japan’s policy decision.The dollar gained by as much as 0.45 per cent to 160.175 in early trades, after diving 2.4 per cent in its…
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