Yen Higher On Fed Rate Hike Worries
The Japanese yen strengthened against its major counterparts in the European session on Thursday, as investors reacted to hawkish comments from Fed officials and worried over recession risks.
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The Japanese yen strengthened against its major counterparts in the European session on Thursday, as investors reacted to hawkish comments from Fed officials and worried over recession risks.
The U.S. dollar firmed against its major counterparts in the European session on Wednesday, as hawkish comments from Federal Reserve officials renewed concerns about the tightening path and a slowdown in the economic growth.
The pound climbed against its most major counterparts in the European session on Monday, as European shares rose following the acquisition of Silicon Valley Bank by First Citizens Bank.
US stocks ended higher Friday. Investors reassessed the rate outlook this week as a handful of Fed officials sounded off on coming policy moves.
Nifty futures on the Singapore Exchange quoted 69.50 points, or 0.37 per cent, higher at 18,986, hinting at a firm start for the domestic market on Thursday