Another billion-dollar intervention is being discussed as the value of the Japanese yen continues to decline.

After crossing that threshold at the end of last month for the first time since November, the Japanese yen traded just above 140 against the US dollar on Monday.

The yen fell to levels last year that had not been seen since 1990 when Japan's Finance Ministry intervened to support th...

The Fed's aggressive approach has put Korea under duress.

The Korean won has dropped against the dollar after Powell's comments signaled the likelihood of future rate hikes. Signals of future rate hikes from the US Federal Reserve have weighed on the Korean economy, raising concerns about a widening gap between the key rates of the two nations, whic...

Gold has its finest week since mid-January thanks to a weaker dollar.

On the back of a weaker dollar as investors weighed the next move of the U.S. central bank in policy, gold prices climbed to their highest level in nearly two weeks on Friday and are set for their biggest weekly gain since mid-January.

Gold hit its best level since February 20 at $1,847...

Dollar gains ground as attention shifts to inflation in Europe

Following unfavorable surprises in Germany, France, and Spain that gave the euro a boost this week, the dollar took a breather in Asia on Thursday, stabilizing as U.S. yields increased and investors awaited European inflation data. The dollar's 0.9% loss against the euro on Wednesday was the ...

After Powell's remarks, European stocks hit a nine-month high, as the dollar wobbles.

On Wednesday, global stocks soared and most currencies rallied against the dollar as investors perceived a dovish tone in comments from Federal Reserve Chair Jerome Powell, albeit an ECB policy change meant European bonds sat out the rally. MSCI's world stock index increased 0.3%, returning t...

The Bank of Japan kept the yield curve's range unchanged, which led to a decline in the value of the yen.

After the Bank of Japan shocked markets by maintaining its yield curve tolerance zone at its previous level, the yen fell in value relative to the dollar. After the decision was revealed, the value of the yen dropped by as much as 2.7% versus the dollar, reaching a low of 130.35. This was the yen...

With today's closure, the value of one US dollar was 81.77 rupees

As the US dollar strengthened elsewhere and oil prices rose, the Indian rupee ended Tuesday at a preliminary rate of 81.77 USD/INR (minus 19 paise). Investor sentiment, according to forex traders, has taken a hit due to prolonged withdrawals of foreign funds. The rupee started the day trading at ...

The German dollar's decline was halted by a surprising jump in inflation

After a surprising slowdown in German inflation boosted bunds and sent the common currency falling, the euro nursed losses on Wednesday and has helped the dollar make a good start to 2023. After falling 1% overnight, the euro continued to trade at three-week lows at $1.0550 at the start of the As...

U.S. job market strength leads to a four-week high for the dollar in foreign exchange markets.

On Friday, the dollar reached its highest level in over a month as a result of U.S. economic statistics showing a still tight labour market, which could suggest the Federal Reserve continues rising interest rates quickly. Statistics released on Thursday indicated that the number of Americans fili...

Dealmaking in the US is boosted by a wave of multibillion-dollar buyouts

William Ruto, the current deputy president, is 55 years old, and Raila Odinga is 77 years old and running for president for the fifth time. Relations with China, which has made significant investments in the nation recently and raised fears among Kenyans, have emerged as a prominent area of conte...

How the United Arab Emirates transitioned from a boycott of Israel to a multibillion-dollar investment in the country's economy

The portrayal of the Star of David on a t-shirt sold in local markets used to trigger inquiries by officials entrusted with policing the country's boycott of Israel.

However, a lot has changed since then. The UAE formally terminated its almost half-century boycott nearly two years a...

Germany Refuses 5 billion Dollar Chip Deal with Taiwanese Firm

A Taiwanese firm, Global Wafers, that manufactures silicon wafers for computer chips shall no longer go ahead with its plans of purchasing the rivaling Siltronic, a Munich-headquartered firm, as German policymakers refuse to approve the deal in time.

The deal collapsed on Monday as the ...

Scott Morrison Announces 630 Dollar Visa Rebate for Backpackers and International Students

In order to motivate tourists coming into Australia, the Prime Minister of the country, Scott Morrison, has announced that the visa application fee for international students and backpackers will be refunded in an attempt to address the shortage of workforce in Australia.

On Wednesday, ...

Apple Becomes the First US Company to Hit 3-trillion-Dollar Mark

On Monday Apple became the first company based in the United States to hit 3 trillion dollars in market value.  

The company reached the target of 182.88 dollars per share before slightly receding at 1845 GMT.

Apple was also the first company based in the United Stat...

UAE Suspends Discussion on 23-billion-dollar Weapon Deal with the US

On Tuesday, one of the United States’ key allies in the Gulf region, the UAE announced the suspension of talks among the true countries on a 23-billion-dollar deal. The deal meant that the United Arab Emirates would purchase F-35 planes and armed drones among other equipment made in the US....

More than two million El Salvador nationals using government’s crypto wallet Chivo: President Nayib Bukele

Highlights

• Nayib Bukele, calls the crypto growth of El Salvador wild
• Two million El Salvador nationals are actively using the Chivo wallet

Bukele posted about the development on Twitter over the weekend, sharing news with his three m...

TOKYO STOCKS END HIGH OVER COVID-19 VACCINE ROLLOUT PLANS

Highlights –

• Tokyo stocks end high over COVID-19 vaccine rollout plans.
• The 225-issue Nikkei Stock Average ended up 97.76 points, or 0.34 percent.
• Topix index of all First Section issues on the TSE finished 0.41 points, or 0.02 percen...

NIKKEI ENDS HIGH OVER U.S EMPLOYMENT DATA

Highlights –

• Nikkei end higher over U.S employment data.
• The 225-issue Nikkei Stock Average ended up 77.72 points, or 0.27 percent.
• Topix index of all First Section issues on the TSE finished 1.66 points, or 0.08 percent.
• S...

TOKYO STOCKS END LOW OVER FALL IN TECHNOLOGY ISSUES

Highlights –

• Tokyo stocks end low over fall in technology issues.
• The 225-issue Nikkei Stock Average ended down 116.59 points, or 0.40 percent.
• Topix index of all First Section issues on the TSE finished 0.49 point, or 0.03 percent.

TOKYO STOCKS END HIGHER OVER COVID-19 INOCULATIONS

Highlights –

• Tokyo stocks end higher over COVID-19 inoculations.
• The 225-issue Nikkei Stock Average ended up 131.80 points, or 0.46 percent.
• Topix index of all First Section issues on the TSE finished 16.15 points, or 0.84 percent.