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BusinessReutersDollar firm as US CPI data looms; hawkish BOJ policymakers pause yen slide
The dollar held mostly steady on Thursday as traders kept their powder dry before next week's U.S. inflation data and what it could portend for Federal Reserve policy, while hawkish opinions from Bank of Japan's members helped the yen slow its fall. Against the Japanese yen, the dollar has been slowly inching up in recent days after it fell more than 3% last week, its biggest weekly percentage drop since early December 2022. But the yen found some support in the BOJ's summary of opinions released on Thursday, which showed board members were overwhelmingly hawkish at their April policy meeting with many calling for steady interest rates hikes.
BusinessReutersMorning Bid: Markets subdued, China trade to rebound
Asian markets are set for a sluggish open on Thursday, with mixed U.S. corporate earnings, a firm dollar, and an upward drift in U.S. bond yields dampening investors' appetite for risky assets. The Japanese yen is back in the spotlight, its latest bout of weakness prompting warnings from Tokyo on Wednesday that, so far at least, seem to have gone unheeded. The dollar is on the front foot and gunning for 156.00 yen.
BusinessAFP NewsEuropean stocks rise while Wall Street has another mixed session
European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts while Wall Street finished mixed on another day without major macroeconomic news.- Optimism - "European stocks are rising on optimism that borrowing costs will soon be lowered," City Index analyst Fiona Cincotta told AFP, noting that Frankfurt's DAX was also near its record.
