Tag: FX market
-
Market on High Alert for Yen Intervention After Takaichi Warning
Markets Brace for Possible Yen Intervention Traders and policymakers are starting the week on heightened alert for possible intervention by the Japanese government to halt the yen’s slide, following strong warnings from Prime Minister Sanae Takaichi about acting against abnormal moves. The prospect of coordinated action, potentially with rare assistance from the United States, has…
-
Cedi Depreciation: Ghana Cedi at GH¢10.75 per Dollar
Market snapshot: Cedi weakens to GH¢10.75 per US dollar The Ghana cedi opened the second week of January 2026 trading at about GH¢10.75 to the US dollar on the Bank of Ghana’s interbank market. Data released by the central bank showed the greenback buying at roughly GH¢10.74 on Thursday, January 15, 2026, signaling a broader…
-
Ringgit Dips to USD but Rises Against Major Currencies on Mixed Markets
Ringgit Opens Lower Against the US Dollar, Yet Strengthens Against Major Currencies The Malaysian ringgit opened the trading session on a mixed note, slipping against the U.S. dollar while gaining ground against several major currencies. Market participants cited geopolitical tensions and ongoing political pressure on the U.S. Federal Reserve as key drivers shaping sentiment for…
-
Ringgit Edges Lower as DXY Strength Lifts US Policy Hopes
Rising DXY and US Policy Repricing Weigh on Ringgit Opening The ringgit opened marginally lower against the US dollar on Monday as a stronger U.S. Dollar Index (DXY) pressured the local currency. Dealers cited market expectations that the Federal Reserve might recalibrate its policy stance following softer U.S. jobs data released in the prior session.…
-
Ringgit slips as US dollar firms ahead of payrolls data
Ringgit slips as US dollar firms ahead of payrolls data The Malaysian ringgit opened lower against the US dollar this morning, extending losses as traders brace for the key US non-farm payrolls (NFP) report. The local currency traded at 4.0650/0750 per greenback at 8 am local time, modestly weaker than the prior session, reflecting the…
-
Naira Strengthens To ₦1,456/$ At Central Bank FX Window
Overview: Naira Rises at the Central Bank FX Window The Nigerian naira strengthened against the US dollar at the official foreign exchange window on Monday, rising by about 0.54% to approximately ₦1,456.56 per $1. This marked a notable uptick as liquidity pressures in the FX market began to ease, signaling renewed optimism for importers and…
-
Japan’s Finance Chief Issues Fresh FX Warning as Yen Nears 155
Japan’s Yen Treads Toward 155: A Fresh Warning from the Finance Chief The Japanese yen is hovering around the psychologically important level of 155 per dollar, a threshold that has traditionally drawn the attention of policymakers and investors alike. As currency markets move, the country’s finance leadership has stepped forward with a renewed warning that…
-
Dollar Rallies to Three-Month High on Fed Hawkishness
Market Summary: A Dollar Pushes Higher The U.S. dollar extended gains to its strongest level in roughly three months, driven by a combination of a weaker yen and a Federal Reserve that signaled a more cautious path on interest-rate cuts. The move underscores how expectations for future policy tightening or slower easing can have a…
-
Dollar Rallies to Three-Month High on Fed Hawkishness and Yen Weakness
Overview: A Dollar Pushes Higher on Hawkish Fed Signals The U.S. dollar strengthened to its highest level in about three months as investors reassessed the path for Federal Reserve policy and weighed the impact of a softer yen. The Bloomberg Dollar Spot Index rose, with gains of around 0.6% at one point, reflecting a shift…