USDJPY: Longer-term downtrend intact
The USDJPY exchange rate, after a sharp drop from 162 in early July to 141.7 in early August, has recently stabilized within a range of 143.5 to 149.5.
Buy AUD/NZD on ligher positioning, hawkish RBA - BoA
Foreign exchange traders should consider buying the Australian dollar versus the New Zealand dollar, according to Bank of America Securities, citing the differing interest rate expectations.
US dollar retreats, sterling hits more than two-year high
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Sterling climbed to its highest against the U.S. dollar in more than two years on Tuesday, while the greenback dropped to a more than one-year low after gains the previous session, as investors awaited key economic data this week and next.
US dollar rallies on month-end buying; traders await economic data
By Gertrude Chavez-Dreyfuss, Brigid Riley and Sruthi Shankar NEW YORK/TOKYO/BENGALARU (Reuters) -The U.S. dollar rebounded on Wednesday due to month-end buying after recent declines that pushed it to its weakest in more than a year, as traders awaited economic data that could determine the pace of the Federal Reserve's imminent easing cycle.
Citi sees limited upside for USD/JPY, expects rebound before dip
Citi has provided commentary on the USD/JPY currency pair, drawing parallels to historical currency movements and forecasting potential future trends. The financial services company suggested that while the upside for the USD/JPY has been more constrained than initially anticipated, the pair is unlikely to fall below ¥140/$ until next year.
Swiss court convicts two executives over $1.8 billion 1MDB fraud
By John Revill BELLINZONA, Switzerland (Reuters) -The Swiss Federal Criminal Court convicted on Wednesday two executives at an oil exploration company for embezzling more than $1.8 billion from Malaysia's state investment fund 1MDB.