Skip to main content

Dollar retreats against yen as U.S. political worries rattle markets

Yen hits highest since March 6
Euro ticks higher as dollar weakens

By Tommy Wilkes

LONDON, March 16 (Reuters) - The dollar fell to its lowest level against the Japanese yen since early March on Friday on reports of more turmoil in the Trump administration, while other markets were quiet as investors remained cautious.

Concerns that U.S. trade tariffs could hurt the global economy and personnel changes at the heart of the U.S. administration have rattled markets in recent days, pushing the dollar on to the back foot and leaving the yen as the main beneficiary.

Commerzbank said the yen was also boosted by domestic factors, paricularly confusion about when and how the Bank of Japan could start to ease record levels of monetary stimulus. Analysts at the bank said the BoJ was "sounding indefinably hawkish."

"Hardly surprising that in that case the smallest cause (such
Dollar retreats against yen as U.S. political worries rattle markets

Comments

Post a Comment

Popular posts from this blog

Six items to consider when setting up your first office

Is it time for you to set up your first office? If you’re at the start of your business journey, or you’re expanding an already-established brand, this is good news for your organization. There are a number of things you need to do to make sure your move into your first office is a successful one. So, what do you need to do? Here are six of the essential tasks and tips you need to think about when planning your move into business premises - which will help this become a positive experience for you and your colleagues. Find a good location Your geographical location will be important - but you’ll also need to think about whether there are enough public transport connections or parking places for employees, and if your customers can get to you easily. You should look out for a place that’s close to transportation services that you may need (e.g., airport or shipping), and where Six items to consider when setting up your first office
Post a Comment
Read more

How Your Firm Can Make Use of Cutting-Edge Information

In today’s age, people have become accustomed to calling data a new resource as powerful as oil. That’s quite the claim – oil has powered the economy for over 100 years and has been utterly foundational to our way of life in the west. But data – or information – is undoubtedly vying for the top spot in the priorities of CEOs and executives across the world in the 2020s, due to the power that it can generate for your business. In this article, we’ll look at how your firm can harness cutting-edge data and information this year. Keep Track of Journals One of the ways you can get your hands-on new information is to keep an eye on journals from across the fields you work in. There are industry journals, which pick up on stories from around your sector, and science journals, which take a step back to look at the fundamentals of how businesses like yours might improve. Then there are bu How Your Firm Can Make Use of Cutting-Edge Information
Post a Comment
Read more

How to Relocate Internationally for a New Job

Moving home is always a stressful and exciting event. Most individuals move home for only a handful of reasons: for the right job, to be closer to friends or loved ones, or to enjoy a change of scene. And, in most cases, these moves will involve heading to a larger city within your state, or perhaps relocating to the coast of the US from the inland states. Moving abroad for a job is another thing entirely – and something that takes far more planning and foresight to get right. In this article, you’ll learn how to plan your move aboard for the job of your dreams. Finding Your Home Most people accept a job in a new country and then look to find a home there. This means that they’re already technically on their way to live somewhere without having a place to call their own – and so the search for a home begins in earnest as soon as the job offer is accepted. While this was once an i How to Relocate Internationally for a New Job
Post a Comment
Read more