Topic: #currency
-
Iran central bank chief Hemmati dismisses collapse talk amid reported 73.6% inflation
Iran's central bank governor Abdolnaser Hemmati dismissed claims of economic collapse, Crypto Briefing reported. The outlet put September inflation at 73.6% and the rial's fall against the dollar at about 35% since July.
-
Canadian Dollar Weakens as Oil Prices Drop on U.S.-Iran Diplomatic Progress
The Canadian dollar faced downward pressure as oil prices declined following hopes for U.S.-Iran diplomatic progress, with WTI crude falling to $95.78 and Brent dropping to $100.34, reflecting the loonie's vulnerability to commodity price swings.
-
US Dollar Rallies on Bessent Iran Sanctions Announcement
Treasury Secretary Scott Bessent announced sweeping sanctions cutting Iran off from the global financial system, triggering a 0.2% rally in the Bloomberg Dollar Spot Index and the dollar's strongest session against Group of 10 currencies in two weeks.
-
Japan and US execute first coordinated yen intervention since 2011
Japan and the US conducted their first joint currency intervention since 2011 on July 31, deploying roughly $53 billion in yen purchases as USD/JPY exceeded 160, pushing the yen to 40-year lows. The move signals shifting market dynamics and heightened volatility for traders.
-
Canadian dollar hits four-week high as oil prices surge past $75
The Canadian dollar remained near a four-week high against the U.S. dollar, supported by rising oil prices between $75.56 and $79.90 per barrel. As a major oil exporter, Canada benefits from elevated crude levels, though inflation pressures persist amid projections for stabilization by 2027.
-
Dollar holds multi-month highs as US payrolls loom, yen slides to 1986 low
The US dollar is holding firm near 101.1-101.2 on the index while the yen has weakened to its weakest level since 1986. June payrolls data due around July 2 could influence Fed policy and drive further currency moves.
-
Bank of Japan raises rates to 1%, warns inflation may exceed 2% target
The Bank of Japan raised its policy rate to 1% on June 16, marking its fourth hike since March 2024. Deputy Governor Ryozo Himino warned on June 19 that inflation could exceed the BOJ's 2% target, citing rising energy costs and a weakening yen as primary drivers.