Yen, Swiss franc near highs amid US slowdown fears; sterling swoons

Posted on:
Key Points

TOKYO (Reuters) -The safe-haven Japanese yen and Swiss franc traded near multi-month highs against the dollar on Friday after an unexpected slump in U.S. manufacturing fuelled fears of a downturn, sending stocks and bond yields tumbling...

Sterling stumbled to a fresh one-month low following a nearly 1% plunge overnight as the Bank of England kicked off its interest-rate cutting cycle in a finely balanced decision..

The euro languished close to a one-month trough following dovish comments from a European Central Bank official...

U.S. 10-year Treasury yields plunged as much as 14 basis points to 3.965% overnight, breaching the psychological 4% barrier for the first time in six months, and extended those declines in Asia to a low as 3.944%...

ECB policymaker Yannis Stournaras raised the risk of a weak euro zone economy sending inflation below the 2% target in an interview published on Thursday, reaffirming his expectation for two rate cuts this year...

You might be interested in

Safe-haven yen, Swiss franc soar as US slowdown fears flare

02, Aug, 24

By Kevin Buckland TOKYO (Reuters) - The safe-haven Japanese yen and Swiss franc traded near multi-month highs against the dollar on Friday after an unexpected slump in U.S. manufacturing fuelled fears

Dollar mixed after Powell pushes back against March rate cut

02, Feb, 24

By Karen Brettell NEW YORK (Reuters) - The dollar was steady against the euro on Thursday and fell against the yen after Federal Reserve Chair Jerome Powell pushed back against bets of early U.S. rate

Dollar tumbles on dovish Fed, euro gains as ECB talks down rate cuts

15, Dec, 23

By Karen Brettell and Samuel Indyk NEW YORK/LONDON (Reuters) -The dollar fell to a two-week low against the euro and a more than four-month low against the Japanese yen in a broad based selloff on

Dollar struggles on rate cut expectations; yen on back foot

20, Dec, 23

By Brigid Riley TOKYO (Reuters) - The U.S. dollar slipped against most major currencies on Wednesday as traders continued to sell the currency on bets that the U.S. Federal Reserve will soon begin

Intervention threat curbs dollar's charge to new high on the yen

26, Mar, 24

By Rae Wee SINGAPORE (Reuters) -The dollar was on the front foot on Monday and kept the yen pinned near a multi-decade low, though the threat of currency intervention from Japanese authorities

Yen's fall toward multi-decade lows keeps markets on intervention watch

14, Nov, 23

By Rae Wee SINGAPORE (Reuters) -The battered yen was stuck near a three-decade low against the dollar on Tuesday, struggling to find a floor as the Bank of Japan's (BOJ) ultra-easy monetary policy

Dollar jumps on central bank divergence, euro hits five-month low

12, Apr, 24

By Chuck Mikolajczak NEW YORK (Reuters) -The euro stumbled to a five-month low against the dollar on Friday after the European Central Bank indicated it could soon cut rates, a divergence from market

Yen firms after revisions to Japan GDP; bitcoin hits new record

11, Mar, 24

By Harry Robertson and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) - The yen edged up for a fourth straight session against the U.S. dollar in choppy trading on Monday, bolstered by an upward

Dollar set for weekly rise after shift in global rate outlook

23, Mar, 24

By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -The dollar headed for a second week of gains on Friday, with a slight rate hike in Japan unable to halt its rise and a surprise cut in

Dollar rebounds as Fed's Williams talks down rate cuts

15, Dec, 23

By Karen Brettell NEW YORK (Reuters) - The dollar bounced on Friday after Federal Reserve Bank of New York President John Williams pushed back against the market’s rate cut expectations, though the