Tag Archives: Forex

Japan’s Nikkei index ended trading on Wednesday near its lowest level in three months, as mounting fears of a global recession weighed on Wall Street on Tuesday evening and a media report that Apple Inc. abandoned plans to produce more iPhone phones, dented sentiment. The Nikkei fell 1.5 percent to …

The British pound rebounded on Tuesday, but its trading was mostly built on hope, profit taking and higher British yields, leaving traders anxious about the broader implications of its record decline. With the dollar weakening, sterling rose by one percent in Asia to $1.0805, up nearly five percent from Monday’s …

Japan’s Nikkei closed higher on Tuesday, led by blue-chip Fast Retailing, as investors scrambled to buy shares battered by a global sell-off, with the US Federal Reserve repeating its stance of maintaining its hawkish policy of raising interest rates. The Nikkei index closed up 0.53 percent at 2,6571.87 points, rebounding …

Citing calculations made by Tokyo money market brokerage firms, Reuters reported on Monday that Japan’s intervention in the foreign exchange market on September 22 is estimated to be around 3.6 trillion yen ($25 billion). Japan’s Ministry of Finance is expected to unveil the amount spent during the intervention on Friday. …

The pan-European STOXX 600 index fell for the third consecutive session on Monday on fears of an economic slowdown. However, Italian stocks gained after the victory of the right-wing coalition led by Georgia Meloni in the country’s general elections. The index fell 0.3 percent by 0713 GMT, extending its losses …

Japanese stocks closed lower on Monday as investors returned from a long weekend to markets affected by the Japanese authorities’ intervention to support the currency, the collapse of the British pound and increasing recession fears. The Nikkei index fell at close 2.66 percent to 26431.55 points, after falling to 26,424.60, …

European shares fell at the open on Friday after major central bank actions during the week, including signals from the Federal Reserve that it will continue to raise interest rates, while Credit Suisse shares fell after asking for money from investors. The pan-European Stoxx 600 index was down 0.2 percent …

The Japanese yen rose sharply Thursday, September 22, after authorities intervened in the foreign exchange market for the first time since 1998 to prop up the tumbling currency. The dollar fell to 140.31 yen, and fell in the last trading 1.2% to 142.37 in highly volatile transactions. The yen also …

European shares started lower on Thursday, with technology shares leading the decline, after the US Federal Reserve announced another big increase in interest rates and signaled further increases in its battle to contain rising inflation. The Stoxx 600 index fell 1.5 percent by 0707 GMT, and the German DAX lost …

European shares fell at the open on Wednesday, pressured by Russia’s decision to announce a partial military mobilization, which added to investor concerns about the US central bank’s third interest rate hike later on Wednesday. The pan-European Stoxx 600 index fell 0.3 percent, with most of its sub-sectors declining. The …