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The chief of the Bank of Japan has defended its policy of continuing with monetary easing as the yen briefly fell to a seven-and-a-half month low against the U.S. dollar in New York the same day.
Japan will respond "appropriately" to excessive volatility in foreign exchange markets, its top currency diplomat said on June 28, after the U.S. dollar crossed the 144 yen line, an over seven-month high.
North American industries most affected by currency exposure were professional services, biotech and pharmaceuticals, machinery, trading and distribution, chemicals an...
The National Stock Exchange’s benchmark Nifty index fell for the third straight day, slipping below the psychological 17,000 mark. The index fell 1.49% to 16,983.55, with most of the decline happening at the end of the day’s trading. The Sensex fell 1.46% to 57,147.32.
The funds draw interest, albeit modest, as currency volatility roils global markets