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Currency markets

UK inflation could be about to drop below the Bank of England target

by Ron Morgan
UK inflation could be about to drop below the Bank of England target

A shopper selects fresh produce from a market stall in the Kingston district of London, UK, on Monday, May 20, 2024.  Bloomberg | Bloomberg | Getty Images LONDON — U.K. …

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Malaysia won’t use monetary policy as tool to prop up ringgit

by Walter Watson
Malaysia won’t use monetary policy as tool to prop up ringgit

Malaysia will not use monetary policy as a tool to shore up its currency, according to the central bank’s deputy governor. Bank Negara’s Adnan Zaylani Mohamad Zahid said the country’s …

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Japan not seeking a strong yen but a stable currency, David Roche says

by Walter Watson
Japan not seeking a strong yen but a stable currency, David Roche says

Japan is not seeking a strong yen but rather aiming for a relatively stable currency, according to veteran investor David Roche. The Japanese yen has been on a roller coaster …

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Japan Finance Minister Suzuki says yen intervention may be necessary

by Walter Watson
Japan Finance Minister Suzuki says yen intervention may be necessary

Japanese Finance Minister Shunichi Suzuki speaks during the presidency press conference at the G7 meeting of finance ministers and central bank governors, at Toki Messe in Niigata, Japan, on May …

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Japan’s yen had a rollercoaster week. Here’s what happened

by Walter Watson
Japan’s yen had a rollercoaster week. Here’s what happened

An undated photographic illustration of Japanese yen and the U.S. dollar bank notes. Glowimages | Glowimages | Getty Images The Japanese yen weakened to levels not seen in 34 years …

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China Nio shares soar 20% as EV deliveries more than double in April

by Horatio Thompson
China Nio shares soar 20% as EV deliveries more than double in April

Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Shares of …

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Eli Lilly, 3M, PayPal, Tesla and more

by Walter Watson
Eli Lilly, 3M, PayPal, Tesla and more

Check out the companies making headlines in midday trading. Eli Lilly — Shares added 5% after Eli Lilly, maker of the Mounjaro diabetes and weight loss drug, beat analysts’ expectations …

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Asia’s first spot bitcoin and ether ETFs debut in Hong Kong

by Walter Watson
Asia’s first spot bitcoin and ether ETFs debut in Hong Kong

Representations of cryptocurrency Bitcoin are placed on a PC motherboard in this illustration taken June 16, 2023.  Dado Ruvic | Reuters Hong Kong on Tuesday launched six spot bitcoin and …

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Japanese yen weakens to 160 against the U.S. dollar for the first time since 1990

by Walter Watson
Japanese yen weakens to 160 against the U.S. dollar for the first time since 1990

The Japanese yen has weakened significantly against the dollar in 2022. Stanislav Kogiku | SOPA Images | LightRocket | Getty Images The Japanese yen weakened to 160 against the U.S. …

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Japan-South Korea coordinated currency intervention may need U.S. support

by Walter Watson
Japan-South Korea coordinated currency intervention may need U.S. support

A Japanese 1,000 yen banknote sits on a pile of South Korean won banknotes for an arranged photograph at a Woori Bank Co. branch in Seoul, South Korea. SeongJoon Cho …

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