Japanese Yen struggles as higher Oil prices and a wide US-Japan rate gap weigh

Japanese Yen struggles as higher Oil prices and a wide US-Japan rate gap weigh

USD/JPY trades flat on Friday, holding near four-decade highs as the Japanese Yen struggles to attract buyers amid persistent headwinds, including higher Oil prices, Japan’s wide interest-rate gap with other major economies and a resilient US Dollar (USD). The Yen found brief support after Japanese Prime Minister Sanae Takaichi echoed Finance Minister Satsuki Katayama’s call […]

Burnham policy hopes underpin Sterling against US Dollar – Scotiabank

Burnham policy hopes underpin Sterling against US Dollar – Scotiabank

Scotiabank’s Shaun Osborne and Eric Theoret notes GBP/USD is lower on the day and well off its one-year high reached on optimism that incoming PM Burnham will pursue market-friendly policies. Despite late-week slippage, that view remains. The new government is expected to allow new North Sea drilling and bring Thames Water back under public control, […]

Australian Dollar recovers as mixed US data weakens the US Dollar

Australian Dollar recovers as mixed US data weakens the US Dollar

AUD/USD trades higher near 0.6980 on Friday, recovering from an initial decline as the US Dollar (USD) loses ground following a mixed batch of United States (US) economic data. Stronger Housing Starts and Consumer Sentiment were offset by weaker Building Permits and subdued Industrial Production prints. US Housing Starts increased to an annualized 1.43 million […]