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Japanese Yen Rallies to 4-month High on BoJ Policy Tweak, Asia FX Slips 0

Most Asian currencies fell slightly on Tuesday as fears of a potential recession persisted, while the Japanese yen rallied past its peers after the Bank of Japan tweaked its ultra-dovish policy, drumming up hopes for an eventual pivot. The yen jumped 2.7% to 133.14 – its strongest level against the dollar in four months. The

Asia FX Muted, yen Supported By Bets on Eventual BoJ Pivot 0

World

December 19, 2022

Most Asian currencies moved little on Monday as fears of a potential recession and rising COVID-19 cases in China weighed on sentiment, while the Japanese yen gained on bets that the Bank of Japan (BoJ) could eventually tighten policy amid rising inflationary pressures. The yen rose 0.4% to 136.18 against the dollar after a report

Japan Extends Long Trade Deficit Run, Slow Chinese Demand Stokes Worry 0

Japan logged a trade deficit for a 16th straight month in November as imports surged to a record level, while subdued growth in exports to China fanned concern about how COVID disruptions there could impact other economies. The trade deficit came in at 2 trillion yen ($14.8 billion) – the fourth month in a row

Asia FX Mixed as Fed Caution offsets Optimism Over Slowing Inflation 0
- FOREX
- December 14, 2022
Most Asian currencies kept to a tight range on Wednesday in anticipation of an interest rate hike and more cues on monetary policy from the Federal Reserve, although sentiment was somewhat lifted by softer-than-expected U.S. inflation data. Most regional units rose on Tuesday after data showed U.S. consumer price index (CPI) inflation eased more than
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Asia FX Sinks as Caution Over Fed, CPI inflation, Boosts Dollar 0
- Stock Market
- December 12, 2022
Most Asian currencies fell on Monday, while the dollar rose as markets hunkered down ahead of highly awaited signals on U.S. monetary policy from a Federal Reserve meeting and a reading on U.S. consumer inflation. Most regional units were also nursing losses from last week, amid growing concerns over a potential recession in 2023, which
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Walgreens Cuts Stake in AmerisourceBergen Through $1 Billion Share Sale 0
- Stock Market
- December 9, 2022
Walgreens Boots Alliance has sold some AmerisourceBergen (NYSE:ABC) Corp’s shares for proceeds of $1 billion, the U.S. drugstore chain said on Thursday, further cutting its ownership in the drug distributor, by 3% to about 17%. Walgreens, which will remain AmerisourceBergen’ largest shareholder, said it would use the proceeds to pay down debt and to fund
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