Thursday, 12 December 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Yen holds gains as Treasury yield inversion fans recession fears
Thursday, 15 August 2019 07:29 WIB | CURRENCIES | Yenmata uang yenUSD/JPY,

The yen held on to gains against major currencies in early Asian trading on Thursday as growing signs of a global economic slump drove investors into safe-haven assets.

The Swiss franc and gold also edged higher as investors fled from stocks and sought safe-haven assets after the U.S. Treasury yield curve inverted for the first time in 12 years and U.S. stocks sold off sharply.

The inversion, where 2-year yields trade higher than 10-year yields, is considered by some analysts to be a sign that the U.S. economy is likely to enter a recession.

The dollar was a tad lower at 105.85 yen in Asian trading Thursday. On Wednesday, the yen rallied 0.8% versus the greenback, its biggest daily gain in two weeks.

The dollar index, which measures its value against a basket of six major currencies, stood at 97.987 after a 0.2% gain on Wednesday.

Source : Reuters

RELATED NEWS
Dollar Licks Wounds as Fed Disappoints Bulls, UK Election Awaited...
Thursday, 12 December 2019 08:47 WIB

The dollar nursed its steepest losses in weeks on Thursday, after the U.S. Federal Reserve's benign inflation outlook hosed down expectations for a rate hike any time soon, pushing Treasury yields low...

Sterling Drops as Poll Shows Conservative Lead Slipping Ahead of U.K. Election...
Wednesday, 11 December 2019 16:12 WIB

The pound came under pressure early Wednesday after a fresh YouGov poll predicted a slimmer-than-expected lead for Prime Minister Boris Johnson™s Conservative Party in a General Election that™s no...

Pound Slips on UK Poll Projections, Dollar Eyes Fed...
Wednesday, 11 December 2019 09:25 WIB

The British pound slipped early on Wednesday after a poll showed a narrowing lead for Prime Minister Boris Johnso's Conservative Party in an election later in the week, while U.S. dollar movement look...

Euro Steady Ahead of Fed, ECB Meetings and Expected U.S. Tariffs...
Tuesday, 10 December 2019 17:26 WIB

The euro was little changed versus the dollar on Tuesday as investors were wary of a looming deadline for U.S. tariffs on China, the British election and upcoming Federal Reserve and European Central ...

Dollar Steadies as Investors Brace for Key Risk Events...
Tuesday, 10 December 2019 07:54 WIB

The dollar and yen held the safe-haven high ground on Tuesday, with investors on edge ahead of a looming tariff deadline, the UK election and upcoming central bank meetings in Europe and the United St...

LATEST NEWS
Turkey Threatens US With Retaliation if Sanctions Are Imposed

Ankara is threatening retaliation against Washington if hit by sanctions. The warning comes as the U.S. Senate prepares to vote on measures against Turkey over its procuring of Russian defense systems. "U.S. lawmakers must understand they will...

Gold Holds Overnight Gains after Fed Keeps Rates Steady

Gold prices on Thursday hovered near a one-week high hit in the previous session, as the dollar nursed its steepest losses in weeks after the U.S. Federal Reserve stood pat on interest rates and signaled moderate economic growth for next...

Hong Kong: Stocks Start Thursday's Session with Gains

Hong Kong stocks came out of the gates with healthy gains on Thursday morning after the Federal Reserve indicated it will not change interest rates throughout next year, pointing to strength in the US economy. The Hang Seng index rose 0.87 per...

POPULAR NEWS
Gold prices slip a bit ahead of Fed meeting this week
Tuesday, 10 December 2019 03:13 WIB

Gold futures settled at a slight loss on Monday, finding little reason to move in either direction ahead of a mid-week policy update from the...

Gold prices end higher for first time in 3 sessions
Wednesday, 11 December 2019 01:56 WIB

Gold rose on Tuesday, with prices finding support after posting two consecutive sessions of losses. Traders eyed the potential for a U.S.-China...

Gold prices settle higher, head lower after Fed decision
Thursday, 12 December 2019 02:22 WIB

Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at...

Gold Steadies With Fed and Tariffs in Focus This Week
Monday, 9 December 2019 18:01 WIB

Gold steadied after a drop on Friday as traders turned their focus to upcoming central bank policy meetings. Spot gold edged 0.2% higher to...