Japanese economic figures fall short, pushing the yen down, as the US dollar steadies across wider markets
Currency Markets Update: Dollar Strengthens as Trading Slows
With trading activity muted, the US dollar is showing renewed strength against most major currencies, as markets largely move sideways. US financial markets are on pause for President’s Day, and Chinese exchanges remain closed throughout the week in observance of the Lunar New Year.
The Japanese yen has come under pressure, slipping by approximately 0.5%, following weaker-than-expected economic figures—namely, fourth-quarter GDP and December’s industrial production. However, the dollar has yet to surpass last week’s peak near 153.65 yen. Meanwhile, even in the absence of direction from mainland China, the offshore yuan posted its most significant gain in several weeks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Oracle (ORCL.US) "Force Majeure" Notice Shakes AI Bond Market! Morgan Stanley: Data Center Financing Contracts Face Reassessment
Oracle issued a “force majeure” notice to a major data center developer in New Mexico, raising concerns in the market about the strength of contract protections in AI infrastructure financing. Morgan Stanley warned that this move may prompt investors to reassess the lease terms and credit risks of data center projects.
Overnight US Stock Market | US-Iran negotiations enter technical consultation stage, major indexes close higher, Dell (DELL.US) rises over 5%
At market close, the Dow Jones rose by 478.64 points, or 0.93%, to 51,828.62 points, posting a weekly gain of 0.28%. The S&P 500 increased by 39.28 points, or 0.51%, to 7,743.41 points, up 1.22% for the week. The Nasdaq gained 129.34 points, or 0.48%, to 27,068.71 points, with a weekly increase of 2.06%.
Trump crypto token steadies at $2.10 as 50+ prosecutors blast pay deal
Gold is throwing out the old rulebook
