Sunday, 25 August 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Yen Gains as Trade War, Global Growth Fears Weigh
Monday, 12 August 2019 15:20 WIB | CURRENCIES |DOLLAR Yen Euro

The safe haven yen was broadly higher on Monday as uncertainty over the next stage in the U.S.-China trade war and growing fears over a slowdown in global growth hit market sentiment.

Uncertainty over the U.S.-China trade dispute persisted after U.S. President Donald Trump on Friday said he was not ready to make a deal with China and even cast doubt over a round of trade talks due to take place in September.

The greenback was down 0.18% against the yen to 105.46 by 0:27 AM ET (07:27 GMT), not far from a seven-month low of 105.25 hit on Friday.

The euro was also weaker against the Japanese currency at 118.04 yen and close to its lowest since April 2017. The British pound was at lows not seen since 2016, trading at 127.27 yen.

The dollar was a touch lower against the offshore yuan after the Chinese central bank's daily fixing came in firmer than market expectations. That helped eased some fears that Beijing would use its currency as a weapon in its trade war with Washington.

Source : Investing.com

RELATED NEWS
Dollar Gains as Traders Trim Rate Hopes Before Powell Speech...
Friday, 23 August 2019 15:20 WIB

The dollar was broadly higher in early trading in Europe Friday in generally quiet trading ahead of a keenly-awaited speech by Federal Reserve Chairman Jerome Powell at 10 AM ET (14:00 GMT). At 3:30 ...

Dollar In Holding Pattern Ahead Of Fed Speech, Kiwi Jumps On RBNZ Comments...
Friday, 23 August 2019 08:46 WIB

The dollar held steady in Asia on Friday on expectations U.S. Federal Reserve Chairman Jerome Powell would stick with his message that the central bank has not entered a prolonged monetary easing cycl...

Dollar Slips, Euro Pushes Higher after PMI Data...
Thursday, 22 August 2019 15:16 WIB

The dollar slipped lower on Thursday as expectations for further Federal Reserve rate cuts waned, while the euro gained ground after Eurozone private sector data boosted hopes that the bloc's economy ...

Dollar Holds Gains After Fed Minutes Temper Rate Cut Expectations...
Thursday, 22 August 2019 09:08 WIB

The dollar held gains on Thursday after minutes from the Federal Reserve's last policy meeting hosed down some aggressive expectations the central bank would embark on a series of deep interest rate c...

Dollar Hovering Near 3-Week Highs ahead of Fed Minutes...
Wednesday, 21 August 2019 15:11 WIB

The U.S. dollar was hovering just below three-week highs in subdued trade on Wednesday as investors looked ahead to the minutes of the Federal Reserve's July meeting later in the day for fresh clues o...

LATEST NEWS
Hong Kong stocks finish week on positive note (Review)

Hong Kong shares ended the week with a healthy rise on Friday as investors look ahead to a key speech later in the day by Federal Reserve boss Jerome Powell hoping for hints at further interest rate cuts. The Hang Seng Index jumped 0.50 percent,...

Dow closes down more than 600 points after Trump orders U.S. companies to leave China

U.S. stocks ended the trading day sharply lower after President Trump escalated trade war rhetoric Friday, tweeting that he had "hereby ordered" U.S. companies "to immediately start looking for an alternative to China. The Dow Jones Industrial...

Oil prices slide 2.1% as US-China trade war escalates

Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world™s two largest economies. Brent crude futures fell 50...

POPULAR NEWS
Gold posts lowest finish in nearly 2 weeks as bond yields climb
Friday, 23 August 2019 01:36 WIB

Gold futures declined on Thursday, pressured by strength in bond yields as the Fed™s symposium of central bankers got underway in Jackson Hole,...

Gold sinks as bond yields climb
Thursday, 22 August 2019 19:49 WIB

Gold futures headed lower Thursday as bond yields edged up, dimming some of the luster from the precious metal, with the Federal Reserve's annual...

Gold Holds Drop as Traders Await Jackson Hole Meeting
Thursday, 22 August 2019 08:55 WIB

Gold held a decline as investors await a key address by Federal Reserve Chairman Jerome Powell at the annual Jackson Hole gathering on Friday...

Gold edges lower, focus on Jackson Hole summit for rate-cut direction
Thursday, 22 August 2019 15:39 WIB

Gold prices fell marginally on Thursday, lingering around the key $1,500 level, as investors awaited the Federal Reserve chair's speech at a global...