Forex

The currency strengthens as much as 1.2%, the most since Sep 7, to 156.94 per dollar on Friday

[HONG KONG/LONDON] The US dollar fell on Friday (Sep 25), but was on track for its second consecutive weekly gain on rising rate hike bets, while the yen rallied after Japan said Tokyo and Washington remain committed to the stance behind July’s joint intervention.

[MILAN] The US dollar hit a fresh two-month high on Thursday (Sep 24) after a sharp rally, which was fuelled by expectations of additional US Federal Reserve interest rate hikes after strong economic data and a hawkish shift in rhetoric.

[LONDON] The US dollar rose to its strongest level in almost two months on Wednesday (Sep 23) on prospects of interest-rate hikes in the near term, although easing oil prices could alter the global inflation and monetary policy outlook.

[BENGALURU/SINGAPORE] The US dollar whipsawed on Tuesday (Sep 22), weakening after hitting a near two-month high, in the wake of oil prices falling following Iran’s proposal to reopen the Strait of Hormuz within seven days if the US eases military pressure.

The Chinese currency is at 6.6950 against the greenback, its strongest level since January 2023

Euro rises; pound sterling slips after Bank of England holds rates but warns of possible hikes

[LONDON] The US dollar held steady near multi-week highs on Wednesday (Sep 16), ahead of a Federal Reserve decision that traders expect will mark the first in a series of possible US interest-rate hikes.

High energy prices, elevated borrowing costs are causing a divide in regional currencies, say analysts