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Global stocks rebounded but bond yields rose on Wednesday after data showed U.S. services industry growth eased further in March, suggesting the economy and inflation are slowing and that the...
The dollar index held near its highest level in over four months on Wednesday, pinning the yen close to its lowest its decades, though the increased threat of currency intervention by Tokyo capped... -April 03, 2024 at 04:28 am EDT - MarketScreener
Powerful earthquake in Taiwan raises concern about possible disruptions to the vital chip-making industry
The Japanese yen was last at 151.8 per dollar, little recovered from last week's slump to 34-year lows of 151.975, as the Bank of Japan's historic policy shift only served to underscore its outlier status. While the BOJ raised rates for the first time in 17 years, its policymakers' commitments to go slow on further increases have hammered the yen especially given the still-wide Japan-U.S. yield gap.
Global stocks rebounded and bond yields retreated on Wednesday after data showed U.S. services industry growth eased further in March, suggesting inflation is slowing, but not enough for the...