Rupee declines to record low, cenbank intervention helps limit losses
The Indian rupee declined to its all-time low on Tuesday pressured by dollar demand from foreign banks and importers, while…
Currencies jumpy, stocks stable with all eyes on US election
Stocks were steady on Tuesday but implied volatility ratcheted up in currency markets in an early indication of the market…
Yen Extends Gain After BOJ Signals Interest Rates May Increase
The yen advanced as much as 1% against the dollar, extending gains after Bank of Japan Governor Kazuo Ueda signaled…
PepsiCo to close Chicago bottling plant, impacting 150 workers
PepsiCo said Monday it’s closing a Chicago bottling plant, a move the Teamsters union says will impact 150 workers. PepsiCo…
Oil Steadies After Steep Plunge as Focus Moves to China, OPEC+
Oil held steady after tumbling the most in more than two years on Monday as the wipeout of crude’s geopolitical…
Yen’s Drop to Three-Month Low Reignites Intervention Concern
The yen dropped to its weakest level against the dollar in almost three months, reviving concern that Japanese officials may…
Hong Kong Looks to Deepen Role as Offshore Yuan Trading Center
Hong Kong is seeking to further develop its role as an offshore center for the yuan and Chinese bonds. The…
Dollar holds near highs as investors parse China’s stimulus plans; euro dips
The dollar hovered near recent highs on Monday as investors digested China’s somewhat disappointing weekend stimulus announcements, while the euro…
US dollar rises to two-month highs ahead of CPI
The U.S. dollar edged higher on Wednesday, taking in stride the release of minutes from the Federal Reserve’s September meeting…
Dollar close to 7-week high after strongest week since 2022
The U.S. dollar was just off its highest level in seven weeks on Monday after a rally sparked by Friday’s…