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Foreign Exchange

Date : 2023-02-14
Time : 10:00:00
Foreign Exchange
  • Most Asian currencies rose slightly on Tuesday, capitalizing on some weakness in the dollar as traders awaited more economic cues from key U.S. inflation data due later in the day, while the Japanese yen rose amid speculation over the new Bank of Japan Governor.
  • The Japanese yen rose 0.3% and was among the best performers for the day after reports said that Japan nominated academic Kazuo Ueda as the next central bank governor - a surprise choice amid expectations that the role would go to career central bankers.
  • The dollar fell on Monday in choppy trading after last week's strong rally, weighed down by firmer stocks and lower long-dated Treasury yields, as investors consolidated positions ahead of Tuesday's crucial U.S. consumer price index (CPI) data.
  • The U.S. dollar edged higher in early European trade Monday, trading close to a five-week high ahead of the week’s keenly-awaited U.S. inflation data, which could provide more clarity about the Federal Reserve’s rate hike path. 
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